US EditionIndia's Finance Minister Nirmala Sitharaman Presents Ninth Consecutive Union Budget
The 2026-27 Budget raises public capital expenditure by 9% to Rs 12.2 lakh crore to boost infrastructure, manufacturing, and employment, supporting fiscal consolidation goals.
- Finance Minister Nirmala Sitharaman announced a 9% increase in capital expenditure to Rs 12.2 lakh crore for FY27 during the Union Budget speech.
- The increase in capital expenditure supports infrastructure development and aims to strengthen urban areas, particularly Tier II and Tier III cities.
- The government emphasizes the importance of infrastructure for economic growth and plans to continue public investment amidst global uncertainty.
- Experts believe that the increased public investment will stimulate private sector growth, specifically benefiting industries like construction, rail, and energy.
63 Articles
63 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…
Sitharaman proposes Rs 10,000 cr for making India as biopharma manufacturing hub
Finance Minister Nirmala Sitharaman on Sunday proposed Rs 10,000 crore investment over the next five years to develop India as a biopharma manufacturing hub, set up 1,000 clinical trial sites and strengthen the Central Drugs Standard Control Organisation.
PFC, REC rallies 6 pc as FM Sitharaman unveils restructuring plan in Budget
New Delhi: Shares of PFC and REC surged up to 6 per cent on Sunday, February 1, after Finance Minister Nirmala Sitharaman announced the restructuring of the two state-run entities as part of the government’s public sector financial institution strengthening. The scrip of Power Finance Corporation (PFC) climbed 5.90 per cent to Rs 401.75 apiece, while REC advanced 4.3 per cent to Rs 380 on the BSE. Meanwhile, markets is trading in the negative te…
Budget Speech 2026: Finance Minister Nirmala Sitharaman presented the country's budget for the financial year 2026-27 today (Sunday), February 1. During this, the Finance Minister made several announcements for cancer patients, youth, women, and farmers. The budget's main focus is on building a developed India. Let's read Finance Minister Nirmala Sitharaman's full budget speech in Hindi.
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