Budget 2026 Live: Lok Sabha Allocates 18 Hours for Motion of Thanks Debate, PM Modi to Reply on February 4

Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey of India in Parliament for the 2025–26 financial year, setting the stage for the Union Budget, scheduled for Sunday, February 1. This year marks Sitharaman’s record ninth consecutive Budget presentation, a first in India’s parliamentary and economic history.

The tabling of the Economic Survey, as per parliamentary convention, provides a comprehensive assessment of the economy ahead of the Budget, offering lawmakers and the public a snapshot of past performance and a roadmap for future fiscal and policy priorities. Often described as the nation’s annual economic “report card,” the Survey delivers a data-driven review of macroeconomic trends over the past year.

Ahead of the Budget Session, Prime Minister Narendra Modi addressed the media outside Parliament, highlighting India’s strong growth momentum. He described the start of the current quarter as “very positive” and portrayed India as “a ray of hope for the world today.”

Modi said the country had boarded the “Reform Express,” overcoming long-standing challenges while pursuing durable, long-term solutions. He emphasised constructive engagement during the Budget Session, urging lawmakers to focus on solutions rather than obstacles.

The Prime Minister also spotlighted the India–European Union Free Trade Agreement (FTA), calling it “free trade for an ambitious India, for aspirational youth, and for Aatmanirbhar India.” He expressed confidence that Indian manufacturers would leverage the FTA to boost competitiveness, describing it as a key step toward a confident and productive economy.

Meanwhile, Parliament has allocated 18 hours in the Lok Sabha for discussion on the Motion of Thanks to the President’s address, spread over three days from February 2 to 4. Prime Minister Modi is scheduled to reply on February 4.

A general discussion on the Union Budget for 2026–27 is scheduled for February 5, 9, 10, and 11, with 18 hours set aside for debate. Finance Minister Sitharaman is expected to reply on February 11.

The Budget Session of Parliament will run for 30 sittings over 65 days, concluding on April 2. Both Houses will adjourn for a recess on February 13 and reconvene on March 9, allowing parliamentary committees to examine the Demands for Grants of various ministries and departments.