Union Budget 2026: MSMEs, Jobs, and Exports Likely Focus of PM Modi’s Expert Meet

Prime Minister Narendra Modi will conduct a high-level meeting with the most prominent economists of the country and others from other fields on Tuesday to finalize the structure and priorities of the Union Budget of India in 2026-27. This meeting is greatly needed before the budget presentation by Finance Minister Nirmala Sitharaman on February 1, as the Indian economy is now facing challenging global situations.

According to official sources, NITI Aayog Vice Chairman Suman Bery, CEO B.V.R. Subramanian, and other members of the Commission will also be present at the meeting. Through this dialogue, the Prime Minister will seek practical suggestions from experts to accelerate growth, fiscal consolidation, and job creation.

Experts believe that the main focus of the meeting will be strengthening the MSME sector and increasing their role in exports and manufacturing. Discussions may also include improving rural demand and modernizing the agricultural value chain. Laying the foundation for long-term growth through capital expenditure is also likely to be discussed during the discussions.

Budget 2026-27 comes at a time when global geopolitical dynamics are rapidly shifting. The biggest challenge is the steep 50 percent tariff imposed by the United States on Indian shipments. Economic experts argue that this unilateral move by the United States could increase pressure on Indian exporters, particularly in the textile, IT, and engineering sectors. The Prime Minister is expected to deliberate extensively on how to protect Indian domestic industries from these external shocks through the upcoming budget and give a new direction to the 'Atmanirbhar Bharat' campaign.

NITI Aayog may present various development models at this meeting. The government's focus is not only on gross domestic product (GDP) numbers, but also on inclusive growth. Experts will be consulted to understand how India can maximize the benefits of changes in global supply chains.

Tuesday's meeting is not just a meeting to exchange suggestions, but will also reflect the government's "economic philosophy" for the upcoming budget. Amid geopolitical tensions and trade wars, the experts' opinions will help determine how India can strengthen its internal growth potential. The Finance Ministry will now begin the process of incorporating these suggestions into the final draft of the budget, which will provide a clear direction and direction for the budget to be presented on February 1st.