01/02/2026
đź’° Fiscal Discipline
• Fiscal deficit set at 4.3% of GDP, continuing the path of consolidation.
🏗️ Growth & Infrastructure Push
• Public capital expenditure raised to ~₹12.2 lakh crore for FY27
• 7 new high-speed rail corridors and an East–West Dedicated Freight Corridor (Dankuni–Surat)
• Expansion of national waterways and logistics infrastructure
🏠Manufacturing & Atmanirbhar Bharat
• Semiconductor Mission 2.0 to boost chip manufacturing
• Incentives for rare-earth minerals, chemicals, textiles, containers & electronics
• Revival of legacy industrial clusters and new chemical parks
đź“Š MSMEs & Startups
• ₹10,000 crore SME Growth Fund
• Higher credit guarantees and easier financing via TReDS & GeM
• Export boost for small businesses
🌾 Agriculture & Rural Focus
• Productivity-linked reforms, horticulture & fisheries support
• Higher Kisan Credit Card limits and agri-infrastructure investments
đź’¸ Tax & Compliance Relief
• No change in income-tax slabs
• Lower TCS under LRS for education, medical expenses & travel abroad
• Easier return filing with extended timelines and automation
⚡ Energy, Tech & Future Vision
• Push for nuclear energy, clean tech & AI in education
• Budget aligned with Viksit Bharat 2047 vision
đź“Ś Bottom Line:
A reform-oriented, growth-focused budget emphasizing infrastructure, manufacturing, MSMEs and fiscal prudence—aimed at building long-term economic strength rather than short-term giveaways.
