US EditionIndia’s budget boosts infrastructure spending while vowing fiscal discipline
Union Budget 2026-27 raises capital expenditure by Rs 1 lakh crore to Rs 12.2 lakh crore focusing on infrastructure, manufacturing, healthcare, and regional connectivity, says Finance Minister Sitharaman.
- On Sunday, Union Finance Minister Nirmala Sitharaman tabled the Union Budget for 2026-27, raising capital expenditure to Rs 12.2 lakh crore, her ninth consecutive Budget and the first presented on a Sunday.
- Against a backdrop of 6.8%–7.2% growth projections, the government's Economic Survey forecasts GDP growth while the Budget aims to sustain growth and manage global trade frictions including US tariffs.
- The Budget pairs hospitality measures with MSME credit support, including a pilot to upskill 10,000 tourist guides and a Digital Knowledge Grid.
- The government set a 4.3% fiscal deficit target for 2026-27, with economists expecting gross market borrowing of 16.5 trillion rupees .
- Looking ahead, the Budget aims to boost manufacturing in seven strategic sectors including biopharma, semiconductors, electronics components and rare earth magnets, with dedicated freight corridors for rare earths and three chemical parks to reduce import dependency.
161 Articles
161 Articles
India Unveils Record $85bn Defence Budget
India is going big — really big. In her latest budget speech, Finance Minister Nirmala Sitharaman unveiled record spending on infrastructure and defence. She promised high-speed rail, submarines, fighter jets, and more.How ambitious is ambitious? Think $133 billion for infrastructure and $85 billion for defence — rises of roughly 9% and 15% from last year.Sitharaman highlighted that public infrastructure spending has surged from just $21 billion…
der Standard AT
der Standard DEThe defence budget for the financial year 2026/27 increases to approximately 72 billion euros. One focus is the modernization of the armed forces
In the face of increased tensions with Pakistan, India is massively increasing its defence budget. 7.85 trillion rupees are to flow into upgrading and modernization.
India’s budget boosts infrastructure spending while vowing fiscal discipline
Prime Minister Narendra Modi’s government presented its annual budget to Parliament on Sunday, focusing on sustaining the country’s economic growth despite volatile financial markets and trade uncertainty.
Deutsche Welle
einnews.comIndia sets record budget for infrastructure, defense
India's defense boost was expected following the four-day conflict with Pakistan last May. The budget also highlights plans for seven high-speed rail corridors and rare earth corridors.
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