Union Budget 2026-27 presented in Parliament

01 Feb 2026 Economy

Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on 1 February 2026, committing a record Rs 12.2 lakh crore to capital expenditure (up 9%), raising defence allocation 15% to Rs 7.85 lakh crore, and projecting a fiscal deficit of 4.3% of GDP. The Budget also announced Semiconductor Mission 2.0 and dedicated Rare Earth Corridors.

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