
Union Finance Minister Nirmala Sitharaman presented her ninth consecutive Union Budget on Sunday, and said it is “our first Budget at the Kartavya bhawan and we have 3 kartavya (responsibilities).
Presenting Union Budget 2026-27, Nirmala Sitharaman said, “To accelerate and sustain economic growth, I propose interventions in six areas"
Scaling up manufacturing in several
Rejuvenating legacy industrial sectors
Creating champion MSMEs
Delivering a powerful push for infrastructure
Ensuring long-term security and stability
Developing city economic regions
Sitharaman positioned the proposals as a crucial step towards realising the vision of a “Viksit Bharat” at a time of mounting global trade tensions and key domestic reforms.
The Budget 2026 arrives on the heels of sweeping structural changes, including the rollout of Labour Codes and ongoing GST reforms, even as India grapples with external headwinds such as steep US tariffs on Indian exports. In this challenging global climate, Sitharaman laid clear emphasis on bolstering manufacturing capabilities, accelerating infrastructure growth and safeguarding economic security.
She underlined that the government’s approach is rooted in focused policy support for both emerging sunrise sectors and established industries. At the same time, the strategy seeks to widen the growth net by empowering smaller businesses and cities, ensuring they become stronger contributors to India’s economic expansion rather than remaining on the margins.
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.