India's Union Budget 2026, set for February 1, aims to balance fiscal discipline with growth initiatives in technology, healthcare, defense, taxation, and real estate. The government is expected to target a fiscal deficit of 4.4 percent of GDP, prioritizing expenditure control amidst moderate tax and divestment receipts. Key focus areas include significant policy backing for AI infrastructure, data centers, and digital skilling, alongside potential GST simplification and hardware import duty reductions. Increased allocations for healthcare infrastructure and AI integration in medical services are also anticipated.