UNION BUDGET 2026-27

Jul 16, 2026

Union Budget 2026-27 outlines fiscal priorities and targets including debt-to-GDP, fiscal deficit, and increased capital expenditure to drive public investment-led growth. It emphasizes logistics and infrastructure expansion, boosts domestic manufacturing through programs spanning biopharma, semiconductors, electronics components, rare earth corridors, and chemical parks, and supports employment via skilling, enterprise and SME funds, and allied health and AVGC/tourism skills.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages44

Reading Time1 h 51 min

AccessFree to download

mp oyment Aeysmp oyment Aeys WEEKLYWEEKLYVOL.L ISSUE NO.45 PAGES 44 NEW DELHI7-13 FEBRUARY 2026NEW DELHI7-13 FEBRUARY 2026 12.00(Annual530) # UNION BUDGET 2026-27 Viksit VisionAtmanirbhar Ambition EN Team Fiscal HighlightsUnion Budget 2026-27 nion Minister for Finance and Corporate Affairs,smt.Nirmala Sitharaman tabled the Union Budget2026-27 in Parliament on February 1,2026.The firstBudget presented from Kartavya Bhawan,is guided bythree Kartavyas: Debt-to-GDP Ratio: ·RE 2025-26:56.1% ·BE 2026-27:55.6% ·Accelerating and sustaining economic growth ·Target by 2030-31:50% ·Fulfilling the aspiraions of people by building theircapacities Fiscal Deficit: ·RE 2025-26:4.4%of GDP ·Ensuring inclusive development in line with thevision of Sabka Sath,Sabka Vikas ·BE 2026-27:4.3%of GDP Capital Expenditure: The Budget places strong emphasis on publicinvestment-led expansion by increasing capitalexpenditure to Rs.12.2 lakh crore.Majorinfrastructure initiatives such as dedicated freightcorridors,high-speed rail networks,national waterwaysand coastal shipping are expected to reduce logisticscosts,enhance productivity and crowd in privateinvestment,thereby strengthening India's growthmomentum. ·RE 2025-26:Rs.11 lakh crore ·BE 2026-27:12.2 lakh crore Centre's Net Tax Receipts: ·RE 2025-26:Rs.26.7 lakh crore ·BE 2026-27:Rs.28.7 lakh crore Total Expenditure &Non-Debt Receipts: ·RE 2025-26:Total Rs.49.6 lakh crore, Non-debt Rs.34 lakh crore ·BE 2026-27:Total Rs.53.5 lakh crore, Industrial transformation forms a central pillar ofthe Budget.Strategic interventions under theBiopharma SHAKTI mission,India SemiconductorMission 2.0,Electronics Components ManufacturingScheme,Rare Earth Corridors and Chemical Parksaim to strengthen domestic manufacturingcapabilities,deepen value chains and reduce importdependence.These measures promote technologicalupgradation and align with the objectives ofAtmanirbhar Bharat Non-debt Rs.36.5 lakh crore Borrowings: ·Net market borrowings:Rs.11.7 lakhcrore ·Gross market borrowings:Rs.17.2lakh crore ·Balance financing from small savings&other sources Employment generation is addressed throughtargeted skilling and enterprise support acrosssectors.The addition of 100,000 Allied HealthProfessionals,expansion of veterinary education,promotion of the AVGC sector under the OrangeEconomy,and tourism-focused skill programmes areexpected to create opportunities in labour-intensiveand high-growth service sectors.Further,the Rs. 10,000 crore SME Growth Fund and enhanced supportto micro enterprises recognise MSMEs as thebackbone of employment generation,particularly inTier-ll and Tier-Ill regions. Overall,the Union Budget 2026-27 adopts acomprehensive approach by integrating infrastructuredevelopment,manufacturing expansion,humancapital formation and institutional reforms. # Employment-Focused Manufacturing Push The Budget places manufact

Jul 16, 2026

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