US EditionIndia's Finance Minister Nirmala Sitharaman Presents Ninth Consecutive Union Budget
The 2026-27 budget increases capital expenditure by 9% to Rs 12.2 lakh crore, supporting infrastructure, manufacturing, and MSMEs with a strong multiplier effect on growth.
- Nirmala Sitharaman presented the FY 2026-27 Union Budget on Sunday, Feb 01, 2026, marking her ninth consecutive Budget and the first Sunday presentation in independent India.
- The government framed the Budget to sustain growth, maintain fiscal discipline and shield India from global trade frictions including United States tariffs, while farmers across India anticipate relief measures.
- Sitharaman boosted capital spending to Rs 12.2 lakh crore, proposed a freight corridor linking Dankuni and Surat, 20 waterways, and seven high-speed rail corridors.
- The Finance Minister also flagged India's fiscal deficit is estimated at 4.3% of GDP for FY2026-27 and debt-to-GDP at 55.6%, Sitharaman told Parliament.
- The Economic Survey projects real GDP growth between 6.8 and 7.2 for FY27, with Total Expenditure forecast at 13.8% of GDP and Rs 54.1 trillion, indicating calibrated fiscal consolidation.
79 Articles
79 Articles
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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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