Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026-27 today, marking a historic moment as she delivers her record ninth budget presentation. This 80th Union Budget will be unveiled at 11 AM on February 1, 2026, in the Central Hall of Parliament, making it only the second time a budget is presented on a Sunday, following Yashwant Sinha's budget in 1999.
Historic Budget Presentation
Nirmala Sitharaman's presentation of the Union Budget 2026 today cements her position as one of India's most experienced finance ministers. With this budget, she surpasses previous records, highlighting her sustained role in shaping the nation's economic policies. The budget session comes at a crucial time, with detailed fiscal numbers, taxation proposals, and sectoral allocations expected to influence jobs, infrastructure, and inclusive growth across the country.
Economic Survey Sets the Stage
Prior to the budget, the Economic Survey 2025-26 was tabled in Parliament on January 29, providing a comprehensive review of the economy. The survey projected India's real GDP growth for FY27 in the range of 6.8–7.2 per cent, driven by strong domestic demand. It estimated FY26 GDP growth at 7.4 per cent, fueled by consumption and investment, setting an optimistic tone for Budget 2026.
Key Areas to Watch in Budget 2026
As Sitharaman presents the budget, several critical areas will be under scrutiny:
- India-US Trade Negotiations: Progress in unresolved trade talks with the United States is a major focus, with Indian exports facing tariffs up to 50 per cent.
- EU Free Trade Agreement: The recently concluded pact with the European Union will be analyzed, particularly tariff cuts on European products in exchange for duty-free access for Indian exports.
- Precious Metals Sector: Fresh policy signals for gold and silver are anticipated, given recent price volatility.
- Make in India: Measures to bolster domestic manufacturing under the 'Make in India' initiative are expected.
- State Packages: With elections in Assam, West Bengal, Tamil Nadu, Kerala, and Puducherry, special packages for these regions will be closely monitored.
Impact on Macroeconomic Stability
The budget's proposals are poised to affect India's macroeconomic stability, with analysts keenly observing how Sitharaman balances growth targets with fiscal prudence. The emphasis on inclusive growth and infrastructure development is likely to play a pivotal role in sustaining economic momentum amid global challenges.
As live updates unfold, stakeholders across sectors will be watching for announcements on income tax slabs, GDP growth targets, and strategic initiatives that could shape India's economic trajectory in the coming year.
