India's Union Budget 2026-27 Announced
Analysis based on 8 articles · First reported Feb 01, 2026 · Last updated Feb 01, 2026
The Union Budget 2026-27, hailed by Narendra Modi, is expected to provide new energy and momentum to India's reform express, strengthening its global role and aiming for India to become the world's third-largest economy. Support for Ministry of Micro, Small and Medium Enterprises and infrastructure development are key drivers for economic growth.
Prime Minister Narendra Modi described the Union Budget 2026-27 as 'historic,' stating it reflects the aspirations of 140 crore Indians and strengthens India's reform journey. Presented by Union Finance Minister Nirmala Sitharaman in the India — Lok Sabha, the budget lays a strong foundation for India's journey towards becoming a developed nation by 2047. Narendra Modi emphasized that the budget provides new momentum to 'Make in India' and 'Aatmanirbhar Bharat' initiatives, supports Ministry of Micro, Small and Medium Enterprises, and aims for India to become the world's third-largest economy. The budget also focuses on reducing the fiscal deficit, containing inflation, and balancing high capital expenditure with robust economic growth, while highlighting women empowerment and regional development.
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