Abhishek Sinha
New Delhi: Economist and columnist Sandeep Vempati, who is also a member of the Bharatiya Janata Party, has submitted a detailed set of recommendations to Union Finance Minister Nirmala Sitharaman ahead of the formulation of the Union Budget 2026–27.
In his communication, Vempati highlighted that the proposals are aligned with the Modi Government’s sustainable growth framework, which he says has played a transformative role in reshaping India’s economic trajectory and advancing the vision of Viksit Bharat.
Framework Rooted in Sustainability & Self-Reliance
Vempati informed the Finance Minister that the suggested measures are built on the principle of Atmanirbharta (Self-reliance). The proposed strategy, he said, is structured around five foundational pillars and supported by five strategic frontiers designed to accelerate India’s long-term development goals.
Five Foundational Pillars of Growth
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Safeguarding citizens and national sovereignty
Ensuring robust defence, internal security, and citizen protection. -
Strengthening health, education, social security, and skilling
Building human capital and improving quality of life. -
Focused action on environment and climate change
Driving sustainability while balancing growth. -
Maintaining a stable and resilient macroeconomy
Prioritising fiscal discipline and financial stability. -
Ensuring leadership continuity and effective governance
Reinforcing policy stability and long-term planning.
Five Strategic Frontiers for Development
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Inclusive growth and balanced regional development
Extending economic opportunities across all geographies. -
Steady and structured reforms
Deepening reforms to strengthen long-term competitiveness. -
Boosting domestic manufacturing
Enhancing India’s industrial capabilities and reducing import dependence. -
Advancing research, innovation, and productivity
Fostering an innovation-driven economy. -
Supporting sunrise sectors
Prioritising emerging industries such as green energy, AI, and advanced technologies.
Budget Strategy Codified into Five Requisite Pillars
Vempati also suggested that the Union Budget strategy can be clearly codified into five actionable pillars, aimed at guiding fiscal planning and policy implementation:
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Revenue generation and debt minimisation
Enhancing fiscal health through efficient revenue systems. -
Expenditure optimisation and capital formation
Prioritising productive spending and infrastructure creation. -
Creating income-generating opportunities and expanding credit
Supporting job creation and entrepreneurial growth. -
Maximising exports and attracting global capital
Strengthening India’s position in the global marketplace. -
Promoting sustainable growth and advancing self-reliance
Ensuring long-term economic independence and green development.
Closing Note
In his message, Vempati reiterated that these proposals are intended to support India’s transition into a developed nation and reinforce the government’s long-term economic agenda.
“Dhanyavad,” he signed off, emphasizing his commitment to contributing to India’s policy vision.
