Countdown Begins for Nirmala Sitharaman’s 2026 Budget Speech | Business News
The countdown is on for Finance Minister Nirmala Sitharaman’s Budget Speech for 2026, scheduled for 11:00 AM on February 1. This will mark her ninth consecutive presentation in Parliament, focusing on significant reforms aimed at steering the Indian economy towards sustained growth amidst global economic uncertainties.
Key Highlights of Budget 2026
The Budget speech is anticipated to place increased emphasis on Part B, diverging from traditional practices where Part A dominated. Government sources indicate this will be a pivotal change, highlighting both immediate and long-term economic goals.
- Economic Growth: The government aims to boost GDP growth and manage inflation effectively.
- Job Creation: Significant initiatives for job generation are expected to be unveiled.
- Increased Capital Expenditure: The capital spending share from the government is projected to rise by 30% in FY24.
- Reform Strategies: Focus areas include enhancing infrastructure, improving the import-export balance, and increasing support for manufacturing.
Budget Priorities
Sitharaman’s speech will likely address critical areas such as:
- Fiscal Consolidation: There is a shift from the fiscal deficit target to focusing on the debt-to-GDP ratio.
- Income Tax Reforms: Expectations of higher standard deductions and the introduction of joint filing for couples.
- Infrastructure Investments: Plans to bolster the infrastructure landscape with dedicated funds and initiatives.
Availability of Budget Insights
The Budget 2026 speech will be broadcasted live across various platforms:
- TV: Tune into Sansad TV or Doordarshan.
- Webcasts: Live coverage available on budgetlive.nic.in and the India Budget Portal.
- YouTube: Streams through the Sansad TV and PIB India channels.
Impact on Financial Markets
On the day of the budget presentation, the Indian stock market will operate under specific restrictions due to it being a settlement holiday. Trading will be cautious, with anticipated volatility as investors look for signals to guide future trades.
Conclusion
As the budget speech approaches, all eyes are on Finance Minister Nirmala Sitharaman. The directions she unveils will be crucial for supporting India’s economic trajectory amid various national and international challenges.
