Budget 2026: "Push to Maintain Growth Momentum" - Nirmala Sitharaman
Presenting the Union Budget 2026, Finance Minister Nirmala Sitharaman clearly stated the government’s main emphasis: sustaining India’s economic growth.
Amid ongoing geopolitical tensions, inflation, and global uncertainty that have affected economies worldwide, this Budget 2026 highlights seeking to boost key sectors and long-term development.
Here is the video of Nirmala Sitharaman presenting the Union Budget 2026 in Parliament.
Budget 2026 Highlights: What Does It Represent?
Nirmala Sitharaman's Budget 2026 stresses India’s economy, which has shown signs of stability over the past few years.
In line with this, the recent budget highlights the importance of promoting investment, generating more employment, and increasing consumption.
It aims to boost growth while monitoring government finances and ensuring financial stability is not compromised.
Main Points of Budget 2026
Looking at the main points of Budget 2026, the focus is on capital expenditure.
The government has increased expenditure on infrastructure, urban development, roads, ports, and railways.
Higher capital spending improves connectivity and efficiency, boosts employment, and reinforces the construction, cement, and steel industries.
As a result, these measures help maintain economic growth on track.
The Budget not only highlights the importance of manufacturing and the ‘Make in India’ initiative, but also continues support for PLI (Production-Linked Incentive) schemes.
This will help encourage domestic manufacturing and reduce import dependency, strengthening local supply chains.
The government’s motive is also to make Indian industries more competitive globally.
Budget 2026 To Ease Cost of Living & Improve Quality of Life
The Budget 2026 benefits common citizens by aiming to ease the cost of living and improve the quality of life.
The government is also maintaining funding for healthcare, social welfare, and education.
This budget supports rural development, affordable housing, and green energy to benefit citizens, reflecting government’s intent to ensure inclusive growth for all.
Minor businesses and startups are also taken into consideration, with major steps taken to help them access easy funding, reduce paperwork, and welcome innovation.
Another key area of focus is the agriculture sector. This budget supports farmers by improving irrigation systems, expanding agricultural infrastructure, and adopting modern techniques.
The objective is to enhance productivity, enabling farmers to earn higher incomes, incur lower expenses, and maintain secure food supplies.
When Will the New Income Tax Budget 2026 Come Into Effect?
As per the ninth consecutive Union Budget presented in Parliament by Sitharaman, the new income tax budget 2026 will commence in April.
The Finance Minister has mentioned that the deadline to file I-T returns will be pushed from December 31 to March 1, on payment of a nominal fee.
She also stated that the TCS (Tax Deducted at Source) rate for education and medical education under the liberalised remittance scheme has been reduced from 5 per cent to 2 per cent.
The prices of 17 drugs, including cancer medicines, will now be lower. The proposed import duty exemption on drugs will apply to seven additional rare diseases.
Now have a look at:
Tax Slabs Under New Tax Regime
- ₹0 to ₹4 lakh: Nil
- ₹4 to ₹8 lakh: 5%
- ₹8 to ₹12 lakh: 10%
- ₹12 to ₹16 lakh: 15%
- ₹16 to ₹20 lakh: 20%
- ₹20 to ₹24 lakh: 25%
- Above 24 lakh: 30%
Tax slabs Under Old Tax Regime
- Up to ₹2.5 lakh: Nil
- ₹2.5 lakh to ₹5 lakh: 5%
- ₹5 lakh to ₹10 lakh: 20%
- Above ₹10 lakh: 30%
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Nirmala Sitharaman’s Net Worth
According to her official election affidavit, Finance Minister Nirmala Sitharaman’s net worth is estimated at around Rs 2.5 crore.
Bottom Line
In summary, Budget 2026 shows the government's objective to keep the growth engine running.
By emphasising fiscal prudence, manufacturing, social welfare, and infrastructure, it aims to improve short-term economic conditions and lay the foundation for long-term growth.
Finance Minister Sitharaman underscores that this budget will help India sustain strong growth amidst global tensions.
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