Reforms for new world order Expansion advances, safety retreats
Key figures on revenue, expenditure, fiscal deficit and market borrowings from the Union Budget
Union Budget for 2026-27 lines up new high-speed rails, freight corridor
With a sharp rise in skilling and labour allocations, Budget 2026-27 focuses on aligning education with industry needs, boosting services-led employment, and preparing youth for emerging roles in the
Opposition parties, including ruling dispensations in poll-bound West Bengal, Kerala, Tamil Nadu, said the Budget fails on economic strategy, worsens fiscal stress on states, and undermines federalism
Biopharma Shakti initiative to tackle burden of non-communicable diseases, turn India into global, innovation-led hub
Budget targets 10% global services share by 2047
To create incentives for privatisation, the panel said private investors need to be shielded from the accumulated debt burden after discom takeover
Finance Minister Nirmala Sitharaman stressed youth-led growth, SME capacity building and region-specific measures, seeking to address trade challenges while signalling outreach to poll-bound states
Southern states are projected to get a marginal increase
Unemployment in the age group 15-24 year remains extremely high and structurally sticky even after the pandemic shock
Private consumption grows 7% in FY26, but its GDP share stays flat as household finances remain strained despite rising consumer confidence
the 16th Finance Commission kept tax devolution at 41%, added GDP contribution as a new criterion, dropped revenue deficit grants, and pushed states towards stronger fiscal discipline
Union Budget 2026-27 raises capital expenditure to ₹12.2 trn, reinforcing the govt's infrastructure-led growth strategy, even as spending in the current fiscal is expected to fall short of estimates
Budget 2026 proposes tax holiday till 2047 for foreign cloud firms using Indian data centres, aiming to position India as a global AI and hyperscale data hub
Budget 2026 raises the FY27 disinvestment and asset monetisation target to Rs 80,000 crore, banking on a stronger pipeline of stake sales and infrastructure monetisation despite a shortfall in FY26
Despite a rise in tax filers, low reported incomes limit average tax contribution, prompting a simplified Income Tax Act from April 2026 to boost compliance and buoyancy
Manufacturers still have excess capacity to utilise, hindering new investments
Budget FY27 proposes a Rs 10,000-crore SME Growth Fund, mandatory TReDS adoption for CPSEs, and expanded credit guarantees to improve equity access, liquidity, and payment discipline for MSMEs
Budget 2026 signals a shift towards trust-based taxation by easing penalties, limiting prosecution for small and technical lapses