Union Budget 2026-27: LIVE
The presentation will also be the second full Budget since NDA returned to power for a third consecutive term in the 2024 general elections
FM Sitharaman (front left) & MoS Pankaj Chaudhary after final touches to Union Budget 2026–27, on Saturday. (Photo: PTI)
New Delhi, Feb 1: The Union Budget 2026–27, to be presented by Finance Minister Nirmala Sitharaman today, is expected to prioritise defence, infrastructure, capital expenditure, power and affordable housing.
Sitharaman will table the Budget in the Lower House, marking the 15th Union Budget of the Narendra Modi-led government.
The presentation will also be the second full Budget since the National Democratic Alliance (NDA) returned to power for a third consecutive term in the 2024 general elections.
The Finance Minister is set to create history by becoming the first woman to present the Union Budget for the ninth consecutive time.
Economists said expectations around the FY27 Budget differ from the previous year, which was largely focused on boosting middle-class consumption through tax relief measures. The upcoming Budget, they noted, is likely to take a more calibrated approach to stimulating consumption while prioritising long-term growth drivers.
Greater emphasis is expected on capital expenditure, particularly in sectors considered strategically important amid ongoing geopolitical uncertainties. Defence preparedness, infrastructure development and energy security are likely to feature prominently in the spending roadmap.
According to an India Strategy report by Motilal Oswal Financial Services Ltd, capital spending is expected to remain a key priority in the Budget, with allocations also likely to support higher growth in affordable housing.
Stay tuned for live updates, below:
Live Updates
- 1 Feb 2026 11:59 AM IST
The Finance Ministry also proposes a scheme for container manufacturing with allocation of Rs. 10,000 crore over 5 years to create a globally competitive container manufacturing ecosystem.
- 1 Feb 2026 11:58 AM IST
FM announced the introduction of a scheme for enhancement of construction and infrastructure equipments to strengthen domestic manufacturing production of high-value CIE. This will range from lifts in multi-storied apartments or fire fighting equipment in multiplexes and to tunnel boring equipment for building metros and high altitude roads.
- 1 Feb 2026 11:56 AM IST
Towards building strong capital goods capability, FM proposed establishment of high tech tool rooms by Central Public Sector Enterprises at two locations.
- 1 Feb 2026 11:53 AM IST
Three dedicated chemical parks
FM proposed new scheme to support states in establishing three dedicated chemical parks through challenged routes on a cluster based plug-and-play model.
- 1 Feb 2026 11:50 AM IST
Scheme for rare earth permanent magnets
First launched in November 2025, Govt propose to support the mineral rich states of Odisha, Kerala, Andhra Pradesh and Tamil Nadu to establish dedicated are earth corridors, to promote mining, processing, research and manufacturing.
- 1 Feb 2026 11:48 AM IST
India Semiconductor Mission 2.0
Building on India Semiconductor Mission 1.0, GOI will launch ISM 2.0 to produce equipment and materials, design full-stack Indian IT and fortify supply chains.
It will also focus on industry led research and training centres to develop technology and skilled workforce.
FM also proposed to increase the outlay for Electronics Components Manufacturing Scheme (launched in April 2025) to Rs. 40,000 crore from Rs 22, 919 crore.
- 1 Feb 2026 11:43 AM IST
Biopharma Shakti: Biopharma Strategy for Health Advancement through knowledge, technology and innovation
India's disease burden is shifting towards non-communicable diseases such as diabetes, cancer and autoimmune disorders. To develop India's global biopharma manufacturing hub, she proposed the outlay of Biopharma Shakti with an outlay of 10,000 Crores over the next five years.
The strategy will include:
- Biopharma focused network with three new national institutes of pharmaceutical education and research. Along with it, it will upgrade the seven exiting ones.
- create a network of 1000 accredited India clinical trial sites
- To strengthen the central drug standard control organisation
- 1 Feb 2026 11:35 AM IST
Under the first Kartavya, that is, "Accelerate and sustain economic growth", she proposed intervention in six different areas:
- Scaling up manufacturing in seven strategic and frontier sectors
- Rejuvenating legacy industrial sectors
- Creating champion MSMEs
- Delivering a powerful push for infrastructure
- Ensuring long-term security and stability
- Developing city-economic regions
- 1 Feb 2026 11:31 AM IST
The three fold-approach requires a supportive ecosystem. Requirements are:
- To sustain the momentum of structural reforms, continuous adaptive and forward looking
- Robust and resilient financial sector
- Cutting edge technologies including AI applications
- 1 Feb 2026 11:27 AM IST
First Budget prepared in the Kartavya Bhawan, following are the three Kartavyas that has inspired the present government:
- Accelerate and sustain economic growth by enhancing productivity and competiveness and building resilience to volatile global dynamics
- To fulfill aspirations of the people and build their capacity, making them strong partners in India's path to prosperity
- To ensure that every family, community, region and sector has access to resources, amenities and opportunities for meaningful participation
