Union Budget 2026: What to Expect as Feb 1 Approaches

India will present the Union Budget on February 1, outlining the government’s financial roadmap for the next fiscal year. The budget is expected to balance growth priorities with fiscal responsibility.

Key expectations from the upcoming budget include:

• Economic Growth Focus – The budget is likely to continue prioritizing capital expenditure to support infrastructure-led growth and job creation.

• Fiscal Deficit Management – Maintaining control over the fiscal deficit remains important, especially amid global economic uncertainty.

• Taxation Clarity – While major tax changes are not guaranteed, clarity on existing tax structures and compliance measures is expected.

• Support for Manufacturing & MSMEs – Continued policy support for domestic manufacturing and small businesses may be highlighted to strengthen supply chains.

• Infrastructure Spending – Roads, railways, and urban infrastructure are expected to remain key spending areas.

• Social Sector Allocation – Schemes related to healthcare, education, and welfare are expected to receive steady allocations.

The Union Budget will set the tone for economic policy in the coming year and will be closely watched by markets, businesses, and households alike.