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
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
The Budget recognises that innovation must translate into tangible benefits for patients
FM goes for modest fiscal consolidation, while focusing on services and state capex for growth
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
The Budget has largely eschewed political populism, even as several states are to go for Assembly elections in the coming months
From medical hubs to incentives for seaplane manufacturing, the Budget broadens demand creation beyond brick-and-mortar
And bigger problems await from policy bottlenecks that the Budget has left untouched
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
Budget FY27 signals deeper banking reforms, possible PSB consolidation and higher borrowing, shifting the onus to RBI to manage yields and liquidity
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
In choosing prudence over populism and strategic self-reliance over protectionism, the FM has presented a Budget worthy of India's aspirations
Manufacturers still have excess capacity to utilise, hindering new investments
Budget FY27 bets on fiscal discipline, public investment and technology-led reforms to sustain growth and build long-term economic resilience
Budget 2026 signals a shift towards trust-based taxation by easing penalties, limiting prosecution for small and technical lapses
Rising credit-deposit ratios are straining bank liquidity even as RBI data shows NPAs falling largely due to write-offs, not recoveries
The proposed committee could examine long-pending issues such as corporate entry into banking, FDI norms, voting rights caps and consolidation