Union Budget 2026–27 : Charting India's Path To Inclusive Growth

The Union Budget 2026–27, presented by Finance Minister Nirmala Sitharaman at Kartavya Bhawan, is a carefully structured document that reflects the government's vision of Viksit Bharat. Anchored in three guiding duties i.e., accelerating growth, building capacity, and ensuring inclusive development. The budget seeks to balance fiscal responsibility with transformative initiatives that touch every sector of the economy.

At the fiscal level, the government has outlined an expenditure of ₹53.5 lakh crore, supported by non-debt receipts of ₹36.5 lakh crore and net tax receipts of ₹28.7 lakh crore. Capital expenditure has been raised to ₹12.2 lakh crore, up from ₹11 lakh crore in the previous year, underscoring the emphasis on infrastructure-led growth. Importantly, the fiscal deficit is pegged at 4.3% of GDP, a slight improvement over last year, while the debt-to-GDP ratio is projected at 55.6%, reflecting a commitment to fiscal consolidation.