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Pankaj Chaudhary

Pankaj Chaudhary

Minister of State for Finance

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India's economic trajectory: From fifth to fourth largest economy

Rule Changes

Assisting with Union Budget 2026-27 preparation

India surpassed Japan in mid-2025 to become the world's fourth-largest economy. On February 1, 2026, Finance Minister Nirmala Sitharaman presented Union Budget 2026 (India's first major tax code rewrite since 1961), with ₹12.2 lakh crore for capital expenditure and ₹20,000 crore for carbon capture technologies.

Updated May 23