The Union Budget 2026 has drawn sharp criticism from the Congress and other opposition parties, who claim that it overlooks key economic challenges identified in the Economic Survey. Senior Congress leaders, including P. Chidambaram and Rahul Gandhi, along with Trinamool Congress leader Mamata Banerjee and DMK leader Kanimozhi, have described the budget as inadequate and disconnected from the country’s economic realities.
Opposition leaders argued that the budget does not address pressing issues such as rising unemployment, widening trade deficits, and the impact of global economic pressures, including tariff policies of the United States. They said these concerns were clearly outlined in the Economic Survey but were not reflected in the government’s budgetary proposals.
Former finance minister P. Chidambaram criticised the government’s handling of public finances, stating that both revenue and capital expenditure have been cut at a time when economic stimulus is required. He said the reduction in spending could weaken growth prospects and affect job creation. According to him, the budget fails to inspire confidence among investors, businesses, and ordinary citizens.
Rahul Gandhi echoed similar concerns, stating that the budget lacks a clear vision to address unemployment and rising living costs. He claimed that the government missed an opportunity to support small businesses, farmers, and young job seekers. Gandhi described the budget as directionless and said it does not offer meaningful solutions to the problems faced by common people.
West Bengal Chief Minister Mamata Banerjee also criticised the budget, calling it anti-poor and insensitive to the needs of states. She alleged that the central government has failed to provide adequate financial support to states while increasing the burden on them. Banerjee said the budget does not strengthen cooperative federalism and ignores regional economic challenges.
DMK leader Kanimozhi raised concerns over social sector spending, stating that allocations for welfare, education, and health are insufficient. She argued that vulnerable sections of society, including women and marginalised communities, have been neglected. According to her, the budget does not reflect the inclusive growth promised by the government.
Opposition parties also pointed out that the budget does not provide a clear strategy to deal with external economic risks. They said rising global uncertainties, coupled with domestic challenges, require a comprehensive policy response, which is missing in the current budget.
In response, the government has defended the budget, stating that it focuses on long-term growth, fiscal discipline, and infrastructure development. However, critics maintain that without addressing immediate concerns such as employment generation and income support, long-term goals may remain out of reach.
Political analysts note that the strong reaction from opposition leaders reflects broader concerns about the direction of economic policy. As debates continue in and outside Parliament, the Union Budget 2026 is expected to remain a central issue in political discussions, with both sides presenting contrasting views on its impact and effectiveness.
