India Union Budget 2026-27: Complete Details & Key Highlights
Published on 1 February 2026 | Category: Finance & Taxation
The Union Budget 2026-27, presented by the Finance Minister of India, focuses on accelerating economic growth, strengthening domestic manufacturing, boosting infrastructure, and maintaining fiscal discipline.
In this blog, we explain the full budget details, including fiscal targets, taxation updates, sector-wise allocations, and major policy announcements.
📊 Fiscal Overview
- Financial Year: 1 April 2026 – 31 March 2027
- Nominal GDP Growth Target: Around 10%
- Fiscal Deficit Target: 4.3% of GDP
- Total Government Expenditure: ₹53.47 trillion
- Higher capital expenditure to support long-term growth
🏭 Manufacturing & Industrial Growth
The government continues its strong push towards making India a global manufacturing hub. The budget introduces fresh incentives for advanced manufacturing sectors.
- Sector-specific manufacturing incentives
- India Semiconductor Mission 2.0 with ₹40,000 crore outlay
- Support for electronics, chemicals, and bio-pharma industries
🛠️ Infrastructure & Transport
Infrastructure remains a core priority in Budget 2026-27, with enhanced spending on transport and logistics.
- Expansion of high-speed rail corridors
- Increased allocation for roads, railways, ports & logistics
- Focus on integrated and sustainable infrastructure development
💰 Taxation Highlights
The budget keeps income tax rates stable while simplifying compliance and introducing selective changes.
- No change in individual income tax slabs
- Extended timelines for ITR filing
- TCS on overseas tour packages reduced to 2%
- STT increased on futures and options
- Tax incentives for cloud and data centre investments
🌾 Agriculture & Rural Development
The agriculture sector receives continued support with an emphasis on technology-driven farming and value addition.
- Total agriculture allocation: ₹1.63 lakh crore
- Promotion of high-value crops
- Digital initiatives like Bharat-VISTAAR
💻 Technology, AI & Innovation
Budget 2026-27 strengthens India’s position in emerging technologies.
- Support for Artificial Intelligence and data infrastructure
- Incentives for global and domestic data centres
- Encouragement for startup-led innovation
🧑🎓 Education & Skill Development
- New skill development initiatives
- Tourism and hospitality training reforms
- Upskilling youth and MSME workforce
♻️ Green Energy & Sustainability
- Duty reductions on solar and EV components
- Boost to renewable energy manufacturing
- Support for clean and sustainable technologies
📌 Conclusion
The Union Budget 2026-27 presents a growth-oriented roadmap focusing on manufacturing, infrastructure, technology, and fiscal stability. While tax relief remains limited, long-term investment and economic expansion remain at the core of the government’s strategy.
India Union Budget 2026-27: Complete Details & Key Highlights
Published on 1 February 2026 | Category: Finance & Taxation
The Union Budget 2026-27, presented by the Finance Minister of India, focuses on accelerating economic growth, strengthening domestic manufacturing, boosting infrastructure, and maintaining fiscal discipline.
In this blog, we explain the full budget details, including fiscal targets, taxation updates, sector-wise allocations, and major policy announcements.
📊 Fiscal Overview
- Financial Year: 1 April 2026 – 31 March 2027
- Nominal GDP Growth Target: Around 10%
- Fiscal Deficit Target: 4.3% of GDP
- Total Government Expenditure: ₹53.47 trillion
- Higher capital expenditure to support long-term growth
🏭 Manufacturing & Industrial Growth
The government continues its strong push towards making India a global manufacturing hub. The budget introduces fresh incentives for advanced manufacturing sectors.
- Sector-specific manufacturing incentives
- India Semiconductor Mission 2.0 with ₹40,000 crore outlay
- Support for electronics, chemicals, and bio-pharma industries
🛠️ Infrastructure & Transport
Infrastructure remains a core priority in Budget 2026-27, with enhanced spending on transport and logistics.
- Expansion of high-speed rail corridors
- Increased allocation for roads, railways, ports & logistics
- Focus on integrated and sustainable infrastructure development
💰 Taxation Highlights
The budget keeps income tax rates stable while simplifying compliance and introducing selective changes.
- No change in individual income tax slabs
- Extended timelines for ITR filing
- TCS on overseas tour packages reduced to 2%
- STT increased on futures and options
- Tax incentives for cloud and data centre investments
🌾 Agriculture & Rural Development
The agriculture sector receives continued support with an emphasis on technology-driven farming and value addition.
- Total agriculture allocation: ₹1.63 lakh crore
- Promotion of high-value crops
- Digital initiatives like Bharat-VISTAAR
💻 Technology, AI & Innovation
Budget 2026-27 strengthens India’s position in emerging technologies.
- Support for Artificial Intelligence and data infrastructure
- Incentives for global and domestic data centres
- Encouragement for startup-led innovation
🧑🎓 Education & Skill Development
- New skill development initiatives
- Tourism and hospitality training reforms
- Upskilling youth and MSME workforce
♻️ Green Energy & Sustainability
- Duty reductions on solar and EV components
- Boost to renewable energy manufacturing
- Support for clean and sustainable technologies
📌 Conclusion
The Union Budget 2026-27 presents a growth-oriented roadmap focusing on manufacturing, infrastructure, technology, and fiscal stability. While tax relief remains limited, long-term investment and economic expansion remain at the core of the government’s strategy.
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