Mon Dec 29 08:28:59 UTC 2025: Here’s a summary and news article based on the provided text:

Summary:

Prime Minister Narendra Modi will convene a meeting with leading economists and sector specialists to gather input for the upcoming Union Budget 2026-27. The meeting, also attended by members of NITI Aayog, takes place against a challenging economic backdrop that includes geopolitical instability and a significant new U.S. tariff on Indian goods. Finance Minister Nirmala Sitharaman is expected to present the budget on February 1, 2025.

News Article:

Modi to Consult Economists Ahead of Union Budget Amidst Economic Headwinds

New Delhi, December 29, 2025 – Prime Minister Narendra Modi is scheduled to meet with prominent economists and sectoral experts on Tuesday to discuss strategies and gather insights for the upcoming Union Budget 2026-27. The meeting comes at a crucial time, as Finance Minister Nirmala Sitharaman prepares to present the budget on February 1st amidst a complex global economic landscape.

The Indian economy faces significant headwinds, including ongoing geopolitical uncertainties and a newly imposed 50% U.S. tariff on goods imported from India. The meeting, which will also be attended by NITI Aayog Vice Chairman Suman Bery and CEO B.V.R. Subrahmanyam, will focus on addressing these challenges and charting a course for sustainable economic growth.

The Modi administration hopes that the consultation will lead to a budget that effectively navigates the current economic climate and promotes long-term prosperity for the nation.

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