US EditionIndia’s budget boosts infrastructure spending while vowing fiscal discipline
The 2026-27 Union Budget raises capital expenditure to ₹12.2 lakh crore, prioritizes green energy and manufacturing, and targets fiscal deficit reduction to 4.3% of GDP, government data shows.
- Finance Minister Nirmala Sitharaman announced a capital expenditure increase to ₹12.2 lakh crore for FY27, a rise from ₹11.21 lakh crore last year.
- Sitharaman highlighted that this reflects a 9% increase from the previous year's allocation.
- She stated that public infrastructure spending has dramatically increased from ₹2 lakh crore in 2014-15 to the current budget proposal.
- The government aims to promote domestic manufacturing and energy security while reducing import dependencies.
87 Articles
87 Articles
Focus on Long-term Growth: Industry Hails Capex Push and Fiscal Discipline in Budget 2026
Get latest articles and stories on Business at LatestLY. The industry has reacted with notable optimism, particularly regarding the scale of public spending. Amisha Vora, Chairperson & Managing Director of PL Capital - Prabhudas Lilladher, highlighted that the 24 Per cent rise in government capex is "huge" and noted the strategic importance of the 21 per cent hike in defence spending. She further observed that the new tax exemptions for foreign …
India budget ‘tactical’, not ‘breakthrough’, Moody’s Ratings says
By Ashwin Manikandan MUMBAI, Feb 1 (Reuters) – India’s annual federal budget was “tactical” but not a “breakthrough”, Moody’s Ratings said in its reaction to a government roadmap for the next financial year. Planned fiscal consolidation, which will bring the budget gap to 4.3% from 4.4% in the current year, will not change India’s credit profile, Christian de Guzman, senior vice president at Moody’s Ratings, told Reuters. “(Despite India’s) l…
Budget 2026: What Gets Cheaper and What Becomes Costlier?
Union Budget 2026, presented on 1 February 2026 by Finance Minister Nirmala Sitharaman, introduced several changes affecting the prices of goods and services in India. According to Financial Express, the tariff on all dutiable goods imported for personal use was reduced from 20 percent to 10 percent. This measure is expected to lower the cost of high-value personal items purchased from overseas. Additionally, microwave ovens, sports equipment, a…
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