In this special report, former Finance Minister P. Chidambaram provides a critical analysis of the Union Budget 2026-27. Speaking with Rajdeep Sardesai, Chidambaram highlights that the budget fails to address the 10 to 11 major challenges outlined in the Economic Survey, including the trade deficit with China and low private investment. He specifically notes, ‘It is agonizingly slow pace of fiscal consolidation,’ pointing out that at the current rate, it would take 13 years to reach the 3% FRBM target. Chidambaram questions the credibility of capital expenditure targets, noting significant cuts in the previous year’s spending by both the Centre and States. He further expresses concern over the manufacturing sector being ‘stuck at 15% of GDP’ despite various government incentives. The veteran leader argues that while the government’s stated goals or ‘Kartavyas’ are splendid, the ‘proof of the pudding’ lies in the lack of tangible outcomes and sluggish private investment across the Indian economy.
#IndiaToday #Budget2025 #PChidambaram #itwebvideos #IndianEconomy #FiscalDeficit #UnionBudget #EconomicSurvey #Manufacturing #FinanceNews #RajdeepSardesai #ModiGovernment #PolicyAnalysis #IndiaGrowth #Taxation #Investment
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00
Download App: https://indiatoday.link/wHaj
Follow us: Official website: https://www.indiatoday.in/
Twitter: https://twitter.com/IndiaToday
Facebook: https://www.facebook.com/IndiaToday
