Union Budget 2026–27 is India’s 80th budget, presented by Finance Minister Nirmala Sitharaman on 1st February 2026. It emphasizes fiscal discipline, infrastructure push, reforms in taxation, and youth-centric growth.
📌 Union Budget 2026–27: Key Highlights
Fiscal & Economic Indicators
- Total Expenditure: ₹53.47 lakh crore (↑7.7% from 2025–26)
- Receipts (excluding borrowings): ₹36.51 lakh crore (↑7.2%)
- Nominal GDP Growth Estimate: 10% (real growth + inflation)
- Fiscal Deficit Target: 4.3% of GDP (vs. 4.4% in 2025–26)
- Revenue Deficit Target: 1.5% of GDP (same as 2025–26)
Taxation & Customs
- Simplification of customs tariff structure to boost exports.
- Duty-free import limit for seafood export inputs raised to 3% of FOB turnover.
- Exemptions extended for lithium-ion battery storage, solar glass, nuclear power projects (till 2035).
- Phasing out exemptions for items with negligible imports to encourage domestic manufacturing.
Infrastructure & Growth
- High-speed corridors announced for logistics efficiency.
- Capital expenditure thrust continues to drive growth.
- Focus on manufacturing in frontier sectors and rejuvenation of legacy industries.
- Push for MSMEs as “champion sectors.”
Social & Welfare Initiatives
- Yuva Shakti-driven Budget: Emphasis on youth employment and skill development.
- Strengthening social welfare schemes for inclusive growth.
- Focus on healthcare, education, and rural development.
