Union Budget Highlights 2026-27

The Union Budget 2026-27 marks another decisive step toward achieving the vision of
Sabka Vikas, with a renewed emphasis on long-term growth, economic resilience, and
structural reform. Presented by Union Finance Minister Smt. Nirmala Sitharaman on
February 1, 2026, the Budget seeks to balance fiscal discipline with strategic
investments that are expected to accelerate India’s development trajectory.
In keeping with the government’s priorities, the Budget reinforces support for
infrastructure, manufacturing, and technology-driven sectors while continuing to
promote inclusive growth for key demographic groups — including youth, farmers,
women, and micro and small enterprises.

Key proposals in the Budget include a record increase in public capital expenditure to
drive infrastructure expansion; the launch of flagship initiatives such as Biopharma
SHAKTI to position India as a global biopharmaceutical hub; expansion of the India
Semiconductor Mission 2.0 to strengthen domestic chip manufacturing and supply
chains; and the creation of dedicated rare-earth corridors to support critical mineral
production. Additionally, the Budget targets simplification of tax compliance through
the implementation of the new Income Tax Act, 2025, and includes measures to
enhance healthcare affordability by exempting customs duties on select medicines.

This insight document presents the key takeaways from Budget 2026-27, highlighting
its major fiscal outcomes and the initiatives expected to shape India’s economic
landscape in the years ahead.