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ARTICLE · 05 FEBRUARY 2026

Union Budget 2026

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The Government of India announced the Union Budget 2026 on 1 February 2026 ("Budget 2026"). Budget 2026 primarily has a theme of maintaining stability, fiscal discipline, sustained growth and moderate inflation.

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Acuity Law
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Introduction

The Government of India announced the Union Budget 2026 on 1 February 2026 ("Budget 2026"). Budget 2026 primarily has a theme of maintaining stability, fiscal discipline, sustained growth and moderate inflation. It focuses on structural reforms aimed at enhancing ease of doing business, attracting foreign investment, and strengthening key sectors/industries. Further, it aims at building a robust financial sector, efficient capital allocation and encouraging growth of cutting-edge technologies, including AI applications.

In this snapshot, we highlight (i) key proposals pertaining to specific industries/sectors, (ii) changes to the direct tax regime, and (iii) changes to the indirect tax regime that businesses and stakeholders should be aware of.

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