Union Budget 2026-27: Finance Minister Nirmala Sitharaman's Complete Speech
Finance Minister Nirmala Sitharaman presented the highly anticipated Union Budget for the fiscal year 2026-27 on February 1, 2026. In her comprehensive budget speech, Sitharaman outlined the government's vision to ensure that the dividends of economic growth reach every segment of Indian society, with a special focus on marginalized and key demographic groups.
Key Focus on Inclusive Growth and Development
While presenting the budget, Sitharaman emphasized the government's commitment to fostering inclusive growth. She stated that the administration will implement policies and allocate resources to ensure that the benefits of development are equitably distributed. The finance minister highlighted specific target groups, including farmers, scheduled castes (SC), scheduled tribes (ST), and the youth of the nation.
For farmers, the budget aims to enhance agricultural productivity, improve market access, and provide financial security through various schemes and initiatives. Sitharaman noted that empowering the agricultural sector is crucial for India's overall economic stability and food security.
For scheduled castes and scheduled tribes, the budget includes measures to promote social justice, educational opportunities, and economic empowerment. The government plans to allocate funds for skill development programs, healthcare facilities, and infrastructure projects in SC/ST-dominated regions to bridge socio-economic gaps.
For the youth, the budget focuses on education, employment, and entrepreneurship. Sitharaman announced initiatives to boost digital literacy, create job opportunities in emerging sectors, and support start-ups. She stressed that investing in the youth is essential for harnessing India's demographic dividend and driving future growth.
Budget Speech Details and Announcements
The full budget speech by Nirmala Sitharaman provides a detailed account of the government's fiscal policies, revenue projections, and expenditure plans for 2026-27. Key announcements in the speech cover a wide range of sectors, including:
- Infrastructure development to boost connectivity and economic activity.
- Healthcare reforms to improve public health services and accessibility.
- Education enhancements to modernize curricula and expand digital learning.
- Taxation policies aimed at simplifying the tax regime and promoting compliance.
- Environmental sustainability measures to address climate change and promote green energy.
Sitharaman's speech reflects the government's strategic approach to balancing economic growth with social welfare. By targeting farmers, SC/ST communities, and youth, the budget aims to create a more equitable and prosperous society. The finance minister reiterated that these efforts are aligned with the broader goal of achieving sustainable development and improving the quality of life for all citizens.
Context and Timing of the Budget Presentation
The Union Budget 2026-27 was presented on February 1, 2026, as per the traditional schedule. This budget comes at a critical juncture, with the government focusing on post-pandemic recovery and long-term economic resilience. Sitharaman's emphasis on inclusive growth underscores the administration's priority to address disparities and ensure that no one is left behind in India's growth story.
As the budget speech unfolds, stakeholders from various sectors are analyzing the implications for their respective fields. The full text of the speech serves as a crucial document for understanding the government's policy direction and fiscal priorities for the upcoming year.
