Traditionally, Part A of the budget speech has carried the bulk of the policy announcements and economic details, while Part B was essentially focused on tax-related announcements. In a departure from the practice followed over the past decades, she is expected to devote considerable time and emphasis to Part B.
Showcasing India’s Strengths
It will focus on both shortterm economic priorities and long-term structural goals, offering a clearer articulation of India’s economic direction as the country moves further into the second quarter of the 21st century, said the people cited. The section is expected to reflect the government’s broader economic vision and policy priorities amid evolving global and domestic challenges, they added.
They said Part B will go beyond immediate tax proposals to outline a strategic road map aimed at positioning India more prominently on the global stage. The idea, they said, is to showcase India’s local strengths, current economic capabilities and future growth potential, as well as the policy direction required to sustain momentum over the coming years. “The idea is to lay out a broader, long-term vision,” a government official told ET.
The move comes at a time when India is confronting geopolitical uncertainties amid higher tariffs imposed by the US. The government is keen to use the budget speech to spell out a long-term policy statement to reassure foreign investors. The Economic Survey, tabled in parliament on Thursday, called for a multi-pronged strategy to strengthen the country’s investment climate by addressing both structural and cyclical factors, and promoting the advantages of stability, macroeconomic strength, sustained growth and market size.
This, it noted, is crucial as, despite clear government intent and proven economic management, foreign direct investment inflows have remained below their potential.