New Delhi : Nirmala Sitharaman is delivering her record-breaking 9th consecutive Union Budget for the financial year 2026-27 in the Lok Sabha as part of the ongoing Budget session of Parliament. Coming on the heels of a stellar Economic Survey, today’s speech is expected to be more than just an accounting exercise, it is being hailed as the “Reform Express” roadmap for a Viksit Bharat 2047.
Budget Speech
Another bonus for poll-bound Tamil Nadu. Nirmala Sitharaman proposes trains for bird watching along the Andhra and Tamil Nadu border.
Finance Minister proposes three All India Institutes of Ayurveda, upgradation of Ayush pharmacies in Budget 2026.
“I propose to set up Rs 10,000 crore MSME growth fund to create future champions,” announces Nirmala Sitharaman.
As many as seven high-speed rail corridors will be built as development linkages between cities, announces Finance Minister.
Nirmala Sitharaman announces thar capital expenditure has been increased to Rs 12.2 lakh crore for fiscal 2027.
Finance Minister proposes Bio Pharma Shakti with an outlay of Rs 10,000 crores over the next five years. “This will build an ecosystem for domestic productions of biologics and biosimilars.”
Finance Minister Nirmala Sitharaman says semiconductor mission 2.0 will be launched and focus will also be on industry-led research and training centres to develop tech and skilled workforce.
Sitharaman projected a six-step process for India’s growth. “To accelerate and sustain economic growth, I propose interventions in six areas -Scaling up manufacturing in 7 strategic sectors; Rejuvenating legacy industrial sectors; Creating champion MSMEs; Delivering a push for infra; Ensuring long-term security and stability; Developing city economic regions.”
Sitharaman presents the proposal for dedicated rare earth corridors connecting Tamil Nadu, Odisha, Andhra Pradesh and Kerala.
Nirmala Sitharaman presents three kartavyas that would help in the country’s growth. She adds that growth, people’s aspirations, and Sabka Saath Sabka Vikas are the three kartavyas.
Nirmala Sitharaman praises PM Modi, says he has chosen action over ambivalence, reform over rhetoric. She adds that atmanirbharta is India’s lodestar.
This landmark session marks Sitharaman’s ninth consecutive budget, as she continues to steer India’s journey toward the ‘Viksit Bharat’ 2047 goal. As the FM rises at 11:00 AM, the nation awaits a high-stakes balancing act- sustaining India’s position as a global growth engine while navigating a volatile world of trade tariffs and cooling private investment.
Coming on the heels of the Economic Survey 2025-26, which projected a robust 7.4% GDP growth, the government faces a delicate balancing act- sustaining India’s position as the world’s fastest-growing large economy while navigating global trade volatility triggered by US President Donald Trump’s tariff policies.
The domestic spotlight remains firmly on Income Tax relief. After the significant exemptions in Budget 2025, the middle class is now eyeing a restructuring of the highest tax brackets, specifically, a hope that the 30% tax slab threshold will be raised from ₹24 lakh to ₹30 lakh.
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