The Union Budget 2026 was tabled by Finance Minister Nirmala Sitharaman in February, and our video team has put together the definitive explainer for everything you need to know.
Five Things That Matter
First: The fiscal deficit target was revised to 4.4% of GDP, down from 4.9%, signalling continued consolidation. Second: A new ₹1 lakh crore Manufacturing Transition Fund targets semiconductor, EV battery, and medical device industries. Third: Income tax relief for the middle class — those earning between ₹7 lakh and ₹12 lakh saw effective rates cut by 2%. Fourth: Defence capex rose 18% to ₹2.1 lakh crore. Fifth: Railway allocation hit ₹3.2 lakh crore — the highest ever.