India's Union Budget 2026 is expected to prioritize sustaining domestic consumption, a key driver of its economy, accounting for nearly 60% of the GDP. Discussions focus on measures to bolster household purchasing power and consumer confidence amidst global uncertainty. Key proposals include GST 2.0 reforms, aiming for simplified rates and broader coverage, alongside potential reforms for petroleum and real estate under GST, and enhancements to input tax credit and refunds to strengthen demand and foster long-term growth.