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Congress MP Deepender Singh Hooda on Thursday said that the country's economy is suffering due to a weak foreign policy.
He also stressed the need for the Union Budget to provide relief to the common people, especially farmers who are facing difficulties across the country. Speaking to reporters, Hooda said, "Today, the country's economy is getting hurt due to a weak foreign policy. In such a situation, it is important that this Budget provides relief to the common man of the country. Today, farmers across the country are in pain." Earlier in the day, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey of India in Parliament for the financial year 2025-26, setting the stage for the Union Budget, which will be presented on Sunday, February 1. This year, the Budget presentation falls on a weekend. Sitharaman is set to present a record ninth consecutive Union Budget on February 1, marking a significant milestone in India's parliamentary and economic history. Taking an optimistic view of the economy, the Economic Survey estimated India's potential growth at around 7 per cent. It also projected that India's GDP growth in FY27 is likely to remain in the range of 6.8 per cent to 7.2 per cent, reflecting the economy's medium-term strength supported by reforms and macroeconomic stability. The Survey noted that while global economic conditions remain uncertain and fragile, India's overall outlook continues to be positive. It highlighted that India's growth is holding up better than expected compared to many other economies, although risks remain elevated due to global uncertainties. The Economic Survey of India is regarded as the nation's official annual "report card" on the economy. It provides a comprehensive, data-backed review of the economy's performance over the previous year and offers a broad roadmap for future policy direction. As the government's flagship annual report, it reviews key developments in the economy over the past 12 months. The Budget session will span 30 sittings over 65 days, concluding on April 2. The two Houses will adjourn for a recess on February 13 and reconvene on March 9 to enable the Standing Committees to examine the Demands for Grants of various ministries and departments. (ANI)
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