Rajan said that earlier, India had five-year plans, but even then, the country's budget was not well integrated with them. "I think it (Union Budget for 2026-27) should be integrated with a longer-term vision. On February 1, Sitharaman will deliver the Union Budget, which is anticipated to contain reform initiatives to support economic expansion in the face of unstable geopolitical conditions. Even in India, some of the infrastructure development is becoming concerning, according to Rajan. He emphasised that India will have to be careful in creating growth that is temporary and not sustainable.