NEW DELHI, Nov 19 : In the run-up to the union Budget 2026-27, union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the seventh Pre-Budget Consultation meeting with leading experts from the Banking, Financial Services, and Insurance (BFSI) sector. The high-level meeting took place on Wednesday in New Delhi, reflecting the government’s commitment to inclusive policy formulation for the upcoming budget.
The consultation session brought together key stakeholders from the BFSI sector to discuss critical issues, challenges, and opportunities, aiming to shape a robust and growth-oriented financial framework. The meeting was also graced by the presence of Pankaj Chaudhary, union Minister of State for Finance, along with senior officials, including the Secretary of the Department of Economic Affairs, the Chief Economic Adviser to the Government of India, and top representatives from the Department of Financial Services (DFS).
This series of pre-budget consultations is part of the Ministry of Finance’s ongoing efforts to engage with diverse sectors of the economy, gather expert insights, and ensure that the forthcoming budget addresses the evolving needs of the financial ecosystem. The BFSI sector, being pivotal to India’s economic development, plays a crucial role in mobilising capital, managing risk, and fostering financial inclusion.
The discussions are explored to inform key budgetary allocations, regulatory reforms, and initiatives aimed at strengthening the BFSI sector’s resilience and innovation capacity. The government’s approach underscores a collaborative spirit to build a sustainable economic future by aligning policy with sectoral realities.
The union Budget 2026-27 is anticipated to incorporate measures that support digital transformation, enhance credit flow, improve customer protection, and bolster the insurance and banking infrastructure to meet the aspirations of a rapidly growing economy.
As the country prepares for the upcoming budget, such engagements ensure that the voice of the BFSI sector is integrated into policy-making, paving the way for inclusive and sustainable economic growth.
(UNI)
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