Budget 2026 Expectations LIVE: Will FM Nirmala Sitharaman Follow Economic Survey’s Policy Roadmap? Capex & Income Tax in Focus

Union Budget 2026 | Live Updates | Indian Economy Outlook

On February 1, 2026, Finance Minister Nirmala Sitharaman will present her ninth consecutive Union Budget, creating a historic record. Budget 2026 is being closely watched by investors, taxpayers, businesses, and startups, as it comes at a crucial juncture for the Indian economy.

India continues to be the fastest-growing major economy, but rising global challenges — including geopolitical tensions and the ongoing tariff war initiated by US President Donald Trump — have raised concerns about future growth momentum.

Economic Survey 2025–26 Sets the Tone

Ahead of the Budget, FM Sitharaman tabled the Economic Survey 2025–26 in Parliament on January 29. The Survey acts as a policy guideline document for the Union Budget and provides insight into the government’s economic thinking.

The Survey:

• Reaffirmed confidence in India’s long-term growth story

• Highlighted the need for policy continuity and reforms

• Struck a cautious tone on global headwinds and external risks

Market participants are now keenly watching how closely Budget 2026 aligns with the Survey’s policy prescriptions.

Key Expectations from Budget 2026

🔹 Capital Expenditure (Capex) Push

Experts expect the government to maintain a strong focus on:

• Infrastructure development

• Manufacturing and logistics

• Public sector investments

A sustained capex push is seen as vital for supporting economic growth and job creation.

🔹 Income Tax Relief Measures

Taxpayers are hoping for:

• Higher exemption limits

• Rationalisation of tax slabs

• Increased deductions to boost disposable income

Any tax relief could provide a direct boost to consumption-driven sectors.

🔹 Support for Industry & Startups

Industries and startups are looking for:

• Policy stability

• Incentives for innovation and MSMEs

• Measures to improve the ease of doing business

These steps could help India remain competitive amid global uncertainty.

Global Challenges & Policy Response

With rising global volatility, investors will closely track how the Budget plans to:

• Protect India from external shocks

• Strengthen domestic demand

• Continue reforms without compromising fiscal discipline

The balance between growth, reforms, and fiscal prudence will be a key theme of Budget 2026.

Market Outlook

Financial markets are expected to remain volatile ahead of Budget Day, with stock-specific and sectoral movements driven by policy expectations. Long-term investors will focus on structural reforms and growth-oriented announcements.

📌 Budget 2026 is expected to define India’s economic roadmap amid global uncertainty.

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