Finance Minister Nirmala Sitharaman will present the Union Budget for 2026-27 on 1 February, marking her ninth consecutive Budget speech and setting a rare record in India’s parliamentary history. This will also be the first time in at least a decade that the Union Budget is being presented on a Sunday.
The Budget comes at a crucial moment for the economy. India remains the world’s fastest-growing major economy, but concerns persist over the impact of global headwinds, including geopolitical tensions and the ongoing tariff war initiated by US President Donald Trump. Against this backdrop, taxpayers, industry bodies and startups are watching closely for tax relief measures, policy support and steps to sustain growth momentum.
Ahead of the Budget, Sitharaman tabled the Economic Survey 2025-26 in Parliament on 29 January. Often seen as the policy blueprint for the Union Budget, the Survey reaffirmed confidence in India’s growth prospects while flagging risks arising from global economic uncertainties. It underscored the need for sustained reforms to shield the economy from external shocks while strengthening domestic demand and investment.
The attention is now firmly on how Budget 2026 will balance fiscal prudence with growth-oriented measures and respond to industry expectations in a challenging global environment.
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