Budget Has Buffers to Tackle Global Risks, No Need to Revisit Govt's Budget Estimates yet, Says Sitharaman
She said the budget has enough buffers to absorb higher oil, fertilizer and shipping costs as private investment and growth indicators improve.
- On Sunday, Union Finance Minister Nirmala Sitharaman stated the government will not revise Budget estimates despite renewed geopolitical tensions and weather-related risks, asserting that adequate fiscal buffers have been created to manage global uncertainties.
- Renewed tensions in West Asia and erratic monsoons have heightened economic pressure, threatening to increase import bills and inflation while supply disruptions and rising shipping costs complicate the fiscal outlook.
- Speaking at the NDTV Profit Business Leadership Awards in Mumbai, Sitharaman said the government has 'some resource kept aside' to absorb higher oil and fertilizer import costs while maintaining fixed prices for farmers.
- Private sector investment has begun to improve, with companies increasing spending in sectors critical to Atmanirbhar Viksit Bharat, as Sitharaman invited industry leaders to engage with the government on facilitation needs.
- Despite external headwinds, India's growth momentum remains broad-based and resilient, with the central bank projecting 6.6% expansion for the fiscal year through March and indicators like GST collections pointing to sustained growth.
11 Articles
11 Articles
No need to revisit budget estimates yet: Sitharaman says India has buffers to tackle oil, monsoon risks
Finance Minister Nirmala Sitharaman says India has sufficient fiscal buffers to absorb risks from higher oil prices, geopolitical tensions and an erratic monsoon, with no immediate need to revise Budget estimates.
The Economic Times
Times of IndiaBudget has buffers to tackle global risks, no need to revisit govt's budget estimates yet, says Sitharaman
Union Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buffers exist to manage global uncertainties and risks. Inflationary pressures may arise from both external and domestic factors. Industry investment is improving and critical sectors are seeing growth. The government invites industry engagement for further facilitation needs.
aninews.in
LatestlyBudget has buffers to tackle global risks, no need to revisit its budget estimates yet: FM Sitharaman
Speaking at the NDTV Profit Business Leadership Awards 2026 in Mumbai, Sitharaman said the government had made provisions to absorb the impact of rising oil prices, fertiliser imports and increased shipping costs arising from global developments.
India's Sitharaman Says No Plan to Adjust Budget Numbers for Now
India is not planning to reconsider its budget numbers for now as the country has sufficient buffers to deal with pressures stemming from the Middle East conflict, Finance Minister Nirmala Sitharaman said.
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