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
Finance Minister Nirmala Sitharaman and her team ahead of Union Budget 2026-27 presentation (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 12:10 PM IST
Rejuvenation of legacy industrial clusters
Proposes a scheme to revive 200 legacy industrial clusters to improve the cost competitiveness and efficiency through infrastructure and technology upgradation.
- 1 Feb 2026 12:08 PM IST
FM announces for a dedicated Initiative for sports goods to promote manufacturing, research and innovation in equipment design as well as material sciences
- 1 Feb 2026 12:06 PM IST
Integrated Program for labour intensive textile sector:
She proposed a program for labour intensive textile sector with five subparts:
- The National Fibre Scheme for self-reliance in natural fibres, such as silk, wool and jute, man-made fibres and new age fibres.
- Textile expansion and employment scheme
- The National Handloom and Handicraft Program (To integrate and strengthen existing schemes)
- Text-eco initiative
- Samarth 2.0
- Setting up of mega textile parks
- Launch the Mahatma Gandhi Gram Swaraj Initiative
- 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
