Union Budget 2026-27 Focuses on Fiscal Prudence, Infrastructure, and Strategic Growth Sectors

The Union Budget 2026-27 emphasizes fiscal prudence and a steady growth path, focusing on capital expenditure of Rs 12.2 lakh crore to support infrastructure, manufacturing, and human capital development. It prioritizes strategic sectors like defence, semiconductors, and AI, while promoting reforms in financial markets and MSME integration. The Budget also aligns with recent trade deals with the US and EU, aiming to enhance export competitiveness and attract foreign investment. However, some critiques highlight concerns over expenditure compression in social sectors and urban development allocations, underscoring challenges in balancing fiscal consolidation with inclusive growth.