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India’s budget boosts infrastructure spending while vowing fiscal discipline
Union Finance Minister Nirmala Sitharaman raised capital expenditure to ₹12.2 lakh crore, emphasizing infrastructure as the growth pillar and targeting sustained economic expansion.
- 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.
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A historic budget, will strengthens country's growth and progress: MoS Home Nityanand Rai
Union Minister of State for Home Affairs Nityanand Rai, reacting to the budget presented by Finance Minister Nirmala Sitharaman on Sunday, stated that the budget of the Modi government reflects the aspirations of the country's 140 crore people.
·India
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Focus on Long-term Growth: Industry Hails Capex Push and Fiscal Discipline in Budget 2026
Get latest articles and stories on Business at LatestLY. The industry has reacted with notable optimism, particularly regarding the scale of public spending. Amisha Vora, Chairperson & Managing Director of PL Capital - Prabhudas Lilladher, highlighted that the 24 Per cent rise in government capex is "huge" and noted the strategic importance of the 21 per cent hike in defence spending. She further observed that the new tax exemptions for foreign …
Coverage Details
Total News Sources107
Leaning Left12Leaning Right19Center8Last UpdatedBias Distribution49% Right
Bias Distribution
- 49% of the sources lean Right
49% Right
L 31%
C 20%
R 49%
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