UNION BUDGET
2026-27
The most ambitious roadmap yet towards Viksit Bharat @2047
Record ₹12.2 Lakh Crore Capital Expenditure • Strategic Manufacturing Push • Fiscal Prudence • Youth & Skilling Focus
Budget 2026-27 at a Glance
Guiding Principles of Budget 2026
Enhancing productivity, competitiveness, building resilience to global volatility, and fulfilling aspirations through strong public investment.
Making citizens strong partners in prosperity. Massive push on skilling, education-to-employment pathways, health, and human capital development.
Ensuring balanced regional development via City Economic Regions, focus on Tier-2/3 cities, temple towns, and last-mile delivery of opportunities.
Major Highlights & Announcements
Scaling up manufacturing in semiconductors, biopharma, electronics, capital goods, textiles, sports goods & rare earths with dedicated schemes and enhanced PLI-like support.
New Dedicated Freight Corridors (Dankuni–Surat), 20 new National Waterways, 7 High-Speed Rail corridors, Coastal Shipping & Seaplane schemes, and City Economic Regions (CERs).
₹10,000 Cr SME Growth Fund, enhanced credit guarantee cover up to ₹10 Cr, Corporate Mitras for compliance support, and services sector standing committee for Education-to-Employment.
Effective April 1, 2026. No change in slabs. MAT reduced to 14%. Buybacks taxed as capital gains. TCS lowered on education/medical & overseas tours. Data centre tax holiday till 2047.
₹10,000 crore over 5 years for biologics & biosimilars. New institutions for Allied Health Professionals, Medical Value Tourism hubs, and 3 new All India Institutes of Ayurveda.
Carbon Capture, Utilization & Storage over 5 years. Customs duty exemptions on lithium-ion battery capital goods, solar glass, critical minerals processing & nuclear projects.
Experiential cultural destinations, Buddhist circuits in NER, National Destination Digital Knowledge Grid, pilot guide upskilling, and sustainable mountain/bird trails.
Horticulture rejuvenation, coconut & cashew promotion, fisheries value chain, Amrit Sarovars, reservoir development, AgriStack + AI integration, and animal husbandry support.
Sector-wise Deep Dive
Click tabs for allocations, schemes & exam relevance. Tailored for regulatory & civil services aspirants.
Key Drivers: Roads & Highways (₹3.1L Cr), Railways (₹2.81L Cr), Urban Development, and state capex support of ₹1.85 lakh crore.
- New Dankuni–Surat Dedicated Freight Corridor
- 20 additional National Waterways operationalised
- 7 High-Speed Rail corridors announced (Delhi-Varanasi, Mumbai-Pune etc.)
- City Economic Regions (CERs) for Tier-2/3 cities & temple towns
Free Downloadable Resources
Curated by CrackTarget experts • Updated for 2026-27 • High-yield for Prelims + Mains + Interviews
All resources are free for registered CrackTarget users. Premium members get video explanations + doubt sessions.
Budget 2026 Knowledge Quiz
10 high-yield questions • Instant scoring & explanations • Share your score with friends
Covers allocations, schemes, tax reforms & exam-relevant analysis from the Feb 1, 2026 Budget.
Frequently Asked Questions
What is the exact date and presenter of Union Budget 2026?↓
Presented on 1 February 2026 (Sunday) by Hon’ble Finance Minister Smt. Nirmala Sitharaman — the first time a Union Budget was presented on a Sunday.
Has the new Income Tax Act come into effect?↓
Yes. The new Income Tax Act, 2025 is effective from 1 April 2026. It focuses on simplification, redesigned forms, and reduced compliance burden. No changes were made to personal income tax slabs in this Budget.
What is the allocation for Biopharma SHAKTI scheme?↓
₹10,000 crore over five years. It aims to position India as a global leader in biologics and biosimilars manufacturing.
How does Budget 2026 benefit competitive exam aspirants?↓
It provides rich material for current affairs, economy, schemes, infrastructure, manufacturing policy, taxation, and social sector questions in RBI, SEBI, NABARD, UPSC, BPSC, DRDO and CMS exams. CrackTarget resources convert these into high-yield MCQs and notes.
Join 1L+ serious aspirants. Get daily MCQs, notes, current affairs & Telegram updates tailored for regulatory exams.
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