The Union Budget 2026 was presented in Parliament today, February 1, by Finance Minister Nirmala Sitharaman. It sets out the government’s fiscal priorities, and proposed tax and policy measures. The Union Budget 2026 also details expenditure plans and key announcements across sectors for the coming financial year. 

The Finance Bill, 2026 contains the legislative proposals to give effect to the tax and other measures announced in the Union Budget.

Budget 2026 Summary

• The government reaffirmed its commitment to fiscal consolidation. The fiscal deficit has been reduced to 4.4% of GDP (RE 2025–26) and budgeted at 4.3% for 2026–27.
• Public capital expenditure has been increased to ₹12.2 lakh crore for FY 2026–27.
• The government accepted the 16th Finance Commission recommendation to retain 41% vertical devolution, with ₹1.4 lakh crore grants to states.
• A new Income Tax Act, 2025 will come into effect from 1 April 2026 to simplify direct tax laws.
• The Union Budget 2026 government schemes are aligned with the long-term vision of Viksit Bharat 2047.
• Significant thrust was given to infrastructure, with continued high public capital expenditure and new transport and logistics initiatives.
• Manufacturing and MSMEs received focused support through sector-specific schemes, equity funding and credit facilitation measures.
• Reforms were announced to simplify corporate taxation, including changes related to MAT and buyback taxation.
• Measures were introduced to promote exports, including customs duty rationalisation and support for key export sectors.
• Digital, AI-led and technology-driven initiatives were announced across agriculture, education and governance.
• The Budget emphasised employment generation and skilling, especially for youth, women and marginalised groups.
• Tourism, culture and heritage received renewed focus through new circuits, infrastructure and skill development programmes.

*RE - Revised Estimates

Follow all the Latest Union Budget 2026 Updates here:

1 Feb 2026, 12:35 PM

ClearTax Founder and CEO, Archit Gupta, highlights that Budget 2026 improves ease of compliance for global Indians by simplifying TDS on NRI property sales and removing the need for a TAN for resident buyers. He also notes that the reduction in TCS to 2% on overseas education, medical treatment, and travel improves cash flow for families with international expenses.

1 Feb 2026, 12:25 PM

Fish catch by Indian vessels in the EEZ and on the high seas will be allowed duty-free, and landing of such fish at foreign ports will be treated as exports.

1 Feb 2026, 12:24 PM

For goods without compliance requirements, Bill of Entry processes will be fully automated.

1 Feb 2026, 12:22 PM

• Customs duty exemption on capital goods used for manufacturing lithium-ion cells will be extended to battery energy storage systems.
• Customs duty exemption for imports required for nuclear power projects will be extended until 2035 and expanded to cover all nuclear plants, regardless of capacity.
• Customs duty exemption has been proposed on capital goods required for processing critical minerals in India.
• The full value of biogas will be excluded while calculating central excise duty on biogas-blended CNG.
• Customs duty will be exempted on components and parts used in the manufacture of civilian training and other aircraft.
• Customs duty will be exempted on raw materials imported for defence aircraft maintenance, repair and overhaul (MRO).
• Customs duty will be exempted on specified parts used in the manufacture of microwave ovens to enhance value addition in electronics.

1 Feb 2026, 12:20 PM

• The customs tariff structure will be further simplified to support domestic manufacturing, promote exports and address duty inversion.
• Certain customs duty exemptions will be withdrawn for goods already manufactured domestically or where imports are negligible.
• Effective duty rates will be incorporated directly into the tariff schedule instead of being specified through separate notifications.
• The duty-free import limit for specified inputs used in seafood exports will be increased from 1% to 3% of the previous year’s FOB export value.
• The export time limit for leather, textile garments, leather or synthetic footwear and related products will be extended from six months to one year.
• Duty-free import benefits will be expanded to additional exports in the leather and synthetic footwear sectors.

1 Feb 2026, 12:16 PM

The tariff rate on personal dutiable goods has been reduced from 20% to 10%.

1 Feb 2026, 12:15 PM

Sales by SEZ manufacturing units will be allowed in the domestic tariff area at concessional rates to improve capacity utilisation.

1 Feb 2026, 12:14 PM

Customs duty has been exempted on sodium antimonate used in the manufacture of solar glass.

1 Feb 2026, 12:12 PM

• Set-off of brought-forward MAT credit will be allowed only under the new tax regime, subject to a maximum of one-fourth of the tax liability.
• MAT credit accumulation will not be permitted from 1 April 2026, with MAT becoming the final tax.
• The MAT rate has been reduced from 15% to 14%.
• Existing brought-forward MAT credit will be fully allowed for set-off. 

1 Feb 2026, 12:11 PM

• Equity Futures: STT increased from 0.02% to 0.05% 
• Equity Options (Buy): STT increased from 0.10% to 0.15%.
• Equity Options (Sell): STT increased from 0.125% to 0.15%.
• Equity Delivery: STT remains unchanged at 0.15%.
• Intraday (Cash): STT continues at 0.025%

1 Feb 2026, 12:10 PM

• The definition of “accountant” will be rationalised for the purposes of safe harbour rules.
• Buyback of shares will be taxed as capital gains for all categories of shareholders.
• Promoters will be subject to an additional buyback tax, at 22% for corporate promoters and 30% for non-corporate promoters.

1 Feb 2026, 12:09 PM

NRIs paying tax under the presumptive taxation scheme have been exempted from Minimum Alternate Tax (MAT).

1 Feb 2026, 12:07 PM

• The fast-track timeline for Advance Pricing Agreements has been set at two years, with an extension of up to six months.
• A tax holiday has been announced for foreign companies providing cloud services, extending up to 2047.

1 Feb 2026, 12:06 PM

• All services will now be clubbed under a single category of IT services.
• The turnover threshold for information technology services has been increased from ₹300 crore to ₹2,000 crore.
• A safe harbour margin of 15.5% has been prescribed for IT services.

1 Feb 2026, 12:04 PM

• Deductions have been announced for cooperatives engaged in the supply of cattle feed and cotton seeds.
• Dividend income of cooperatives will be exempt, subject to specified conditions.
• A three-year exemption on dividend income has been provided for eligible cooperatives.

1 Feb 2026, 12:03 PM

• Updated returns will be permitted even after reassessment proceedings have been completed.
• Penalties for failure to get accounts audited will be converted into fees.

1 Feb 2026, 12:01 PM

• A one-time six-month foreign asset disclosure scheme has been proposed to address practical issues faced by small taxpayers, including students, young professionals, tech employees and relocated NRIs.
• The scheme will apply to two categories of taxpayers:
  • Taxpayers who did not disclose overseas income or assets.
  • Taxpayers who disclosed overseas income and paid due tax but did not declare the acquired asset.
• For Category A taxpayers, the limit for undisclosed income or assets will be up to ₹1 crore.
• Tax will be payable at 30% of the fair market value of the asset or undisclosed income.
• An additional 30% will be payable as income tax in lieu of penalty.
• Taxpayers availing the scheme will receive immunity from prosecution.

1 Feb 2026, 12:00 PM

A one-time six-month foreign asset disclosure scheme has been proposed for small taxpayers to disclose overseas assets and income below a specified threshold.

1 Feb 2026, 11:59 AM

• The due date for filing ITR-3 and ITR-4 has been set as 31 August.
• The due date for filing ITR-1 and ITR-2 for individuals will continue to be 31 July.
• The due date for audit cases will be 31 August.

1 Feb 2026, 11:58 AM

• TDS on manpower services has been clarified to be deducted under Section 194C at rates of 1% or 2%, as applicable.
• A scheme for small taxpayers will allow issuance of a nil deduction certificate through a rule-based automated process, without filing an application.
• The time limit for filing a revised return has been extended up to 31 December, with a penalty.

1 Feb 2026, 11:57 AM

• The New Income Tax Act, 2025 will come into effect from 1 April 2026.
• The TCS rate on the sale of overseas tour packages has been reduced from 5% to 2%.
• The TCS rate under the Liberalised Remittance Scheme (LRS) has also been reduced from 5% to 2%.

1 Feb 2026, 11:56 AM

• Non-debt receipts are estimated at ₹36.5 lakh crore.
• The fiscal deficit is budgeted at ₹11.7 lakh crore.

1 Feb 2026, 11:56 AM

The fiscal deficit reduction commitment has been met, with the revised estimate for 2025–26 at 4.4% of GDP, below the 4.5% target, and the Budget Estimate for 2026–27 projected at 4.3% of GDP.

1 Feb 2026, 11:55 AM

The debt-to-GDP ratio is projected to decline from 56.1% in the Revised Estimate for 2025–26 to 55.6% in the Budget Estimate for 2026–27, moving towards a target of 50% by 2030–31.

1 Feb 2026, 11:54 AM

• The government has accepted the 16th Finance Commission’s recommendation to retain the vertical share of tax devolution at 41%.
• Grants worth ₹1.4 lakh crore have been provided to states for FY 2026–27, including allocations for rural local bodies, urban local bodies and disaster management.

1 Feb 2026, 11:52 AM

A scheme will be launched to develop Buddhist circuits in northeastern states — Arunachal Pradesh, Sikkim, Assam, Manipur, Mizoram and Tripura — focusing on preservation of monasteries and temples, and improving pilgrim amenities and connectivity.

1 Feb 2026, 11:51 AM

Purvodaya integrated east coast corridors have been announced. Five states will be covered under the programme, with deployment of 4,000 electric buses. 

1 Feb 2026, 11:50 AM

• Support will be extended to the Artificial Limbs Manufacturing Corporation.
• Mental health and trauma care services will be strengthened.
• New NIMHANS centres will be established in Ranchi and Tezpur.
• Emergency trauma care centres will be established.

1 Feb 2026, 11:49 AM

• Employment opportunities will be created for Divyangjan across sectors such as information technology and hospitality.
• The Divyang Sahara Yojana has been announced to support persons with disabilities.

1 Feb 2026, 11:48 AM

Under the Rural Women-Led Enterprises initiative, support will be extended to help women transition from credit-linked livelihoods to enterprise ownership, with community-owned self-help group enterprises to be established, building on the Lakhpati Didi programme.

1 Feb 2026, 11:47 AM

Bharat Vistar, a multilingual AI tool, has been proposed to integrate agricultural portals and practices with AI systems to boost farm productivity, support decision-making, and provide customised advisory services to farmers.

1 Feb 2026, 11:46 AM

• High-value agriculture initiatives have been announced to increase productivity, income and employment, covering crops such as coconut, sandalwood, cocoa and cashew in coastal regions, and almonds, walnuts and pine nuts in hilly areas.
• Plans have been announced to partner with state governments to promote focused sandalwood cultivation, harvesting and post-harvest processing to restore the Indian sandalwood ecosystem.

1 Feb 2026, 11:45 AM

Animal husbandry will be supported through a credit-linked subsidy programme for entrepreneurship development, with measures to modernise livestock enterprises and promote dairy and poultry activities, generating employment in rural and urban areas.

1 Feb 2026, 11:44 AM

• Measures have been announced to empower Divyangjan through improved accessibility.
• Steps will be taken to strengthen mental health and trauma care services.

1 Feb 2026, 11:43 AM

Integrated development initiatives will be undertaken for 500 reservoirs and associated water resources under the fisheries sector. 

1 Feb 2026, 11:43 AM

Under the third Kartavya, the focus will be on increasing farmers’ incomes, enabling small farmers and the younger generation to access opportunities, extending trauma care to vulnerable groups, and facilitating development in the North East.

1 Feb 2026, 11:42 AM

The Khelo India Mission will be strengthened to transform the sports sector, with a focus on talent development pathways, coach training, sports science, competitions and sports infrastructure.

1 Feb 2026, 11:41 AM

• Turtle trails and birdwatching sites will be established.
• India will host the International Big Cat Alliance summit this year, with participation from heads of 95 range countries.
• 15 archaeological sites will be developed.
• Excavated landscapes will be opened to the public for curated heritage walks.

1 Feb 2026, 11:40 AM

• A pilot scheme will be launched to upskill 10,000 tourist guides across major tourism sites.
• A Digital Knowledge Grid will be created to digitally document data across all sectors.
• Ecologically sustainable mountain trade initiatives will be launched in Uttarakhand and Jammu & Kashmir.
• Mountain trails for trekking and hiking will be developed in Himachal Pradesh, Uttarakhand and Jammu & Kashmir.

1 Feb 2026, 11:39 AM

• One girls’ hostel will be established in every district.
• Four telescope infrastructure facilities will be established or upgraded to promote astrophysics.
• A National Institute of Hospitality will be set up under the tourism sector.

1 Feb 2026, 11:38 AM

• Five university townships will be created.
• An Indian Institute of Creative Technologies will be established.

1 Feb 2026, 11:37 AM

• The gaming sector is projected to employ 2 million professionals by 2030.
• ABGC content creator labs will be set up in 15,000 schools and 500 colleges.
• A new National Institute of Design will be established in eastern India.

1 Feb 2026, 11:35 AM

The number of veterinary professionals will be scaled up to 20,000, with support for veterinary colleges, hospitals, laboratories and breeding centres.

1 Feb 2026, 11:35 AM

• Ancient Indian yoga will be promoted for mass global recognition.
• Three new All India Institutes of Ayurveda will be set up.
• The WHO Global Medical Centre in Jamnagar will be upgraded.

1 Feb 2026, 11:33 AM

• Careers for youth in the health sector will be expanded through upgrading existing entities and establishing new ones.
• A scheme has been launched to support states in establishing medical hubs in partnership with private institutions.
• Five regional medical hubs will be established in partnership with the private sector.
• Medical value tourism hubs will be developed. 1.5 lakh caregivers will be trained.

1 Feb 2026, 11:32 AM

One lakh Affordable Housing Projects will be developed over the next five years.

1 Feb 2026, 11:31 AM

A high-powered Education-to-Employment Standing Committee will be set up as a key driver of Viksit Bharat.

1 Feb 2026, 11:31 AM

Over the past decade, 25 crore people have been lifted out of poverty through sustained efforts.

1 Feb 2026, 11:30 AM

• The current AMRUT scheme, with support up to ₹200 crore, will continue and be extended to support smaller towns.
• PROIs will be permitted to invest in equity of listed Indian companies through PMS.
• The investment limit for PROIs under PMS has been increased from 5% to 10%, with the overall investment limit raised to 24%.

1 Feb 2026, 11:29 AM

• A market-making framework will be created for the corporate bond market, along with the introduction of total return swaps on corporate bonds.
• An incentive of ₹100 crore has been announced for a single municipal bond issuance of more than ₹1,000 crore.

1 Feb 2026, 11:28 AM

• The Government has proposed restructuring the Power Finance Corporation and the Rural Electrification Corporation.
• A comprehensive foreign exchange management framework for foreign investments has been proposed.
• Measures have been announced to support NBFCs through improved credit disbursement and technology adoption.

1 Feb 2026, 11:27 AM

• Banking services now cover over 99% of villages across the country. 
• A high-level committee on banking will be set up to review the sector in line with the vision of Viksit Bharat.

1 Feb 2026, 11:26 AM

• City Economic Regions will focus on tier 2 and tier 3 cities and temple towns as key growth areas. ₹5,000 crore has been allocated per City Economic Region over a five-year period.
• Seven high-speed rail corridors have been announced to connect major cities: Mumbai–Pune, Pune–Hyderabad, Hyderabad–Bengaluru, Hyderabad–Chennai, Chennai–Bengaluru, Delhi–Varanasi, and Varanasi–Siliguri.

1 Feb 2026, 11:24 AM

• The Sea Plane Scheme has been announced to improve last-mile connectivity and boost tourism.
• Carbon capture at scale will be implemented across five sectors — power, steel, cement, refineries and chemicals.

1 Feb 2026, 11:24 AM

• 20 new national waterways will be operationalised over the next five years.
• Ship repair ecosystems will be developed in Varanasi and Patna.
• A green cargo freight corridor will be developed from Dankuni to Surat.
• A coastal cargo promotion scheme aims to shift freight share from rail to road, increasing it from 6% to 12% by 2047.

1 Feb 2026, 11:24 AM

Public capital expenditure has increased from ₹2 lakh crore in 2014–15 to ₹11 lakh crore in 2025–26, with ₹12.2 lakh crore proposed for 2026–27.

1 Feb 2026, 11:24 AM

Infrastructure development will be strengthened in tier 2 and tier 3 cities, with enhanced focus on cities having a population of over 5 lakh. An Infrastructure Risk Guarantee Fund will be set up.

1 Feb 2026, 11:22 AM

Professional support will be extended to institutes such as ICAI, ICSI and ICMAI to facilitate capacity building. These institutes will design short-term modular courses and support corporates, particularly in tier 2 and tier 3 towns.

1 Feb 2026, 11:20 AM

1 Feb 2026, 11:20 AM

An SME Growth Fund with an allocation of ₹10,000 crore has been announced to provide equity support to MSMEs. Enterprises will be selected based on defined eligibility criteria for support under the fund. The self-reliant SME fund will be topped up by an additional ₹2,000 crore. Champion MSMEs will be recognised under a dedicated framework.

1 Feb 2026, 11:18 AM

• The Mahatma Gandhi Gram Swaraj initiative has been announced to promote khadi and handicrafts.
• A dedicated initiative has been proposed for sports goods manufacturing and innovation.
• A scheme has been announced to revive 200 legacy industrial clusters to improve cost effectiveness.

1 Feb 2026, 11:16 AM

Labour-intensive textile initiatives have been announced, including a National Fibre Scheme for natural fibres, expansion of man-made fibre textiles to modernise traditional structures, a National Handicraft Programme to integrate schemes for weavers, the Tex Echo initiative, and Samarth 2.0 to upgrade the textile ecosystem.

1 Feb 2026, 11:16 AM

Schemes for textile manufacturing and testing will be introduced, and Samarth 2.0 will be launched to upgrade the textile skilling ecosystem. Multiple mega textile parks will be established across the country.

1 Feb 2026, 11:15 AM

A scheme for container manufacturing has been announced, with a budget allocation of ₹10,000 crore over a five-year period.

1 Feb 2026, 11:15 AM

High-tech tool rooms will be set up at two central locations as service bureaus to manufacture high-precision components at lower cost.

1 Feb 2026, 11:13 AM

Three dedicated chemical parks have been announced to support structure-based goods.

1 Feb 2026, 11:13 AM

The electronic components manufacturing scheme will see its outlay increased to ₹40,000 crore, with Odisha, Andhra Pradesh, Kerala and Tamil Nadu set to establish new rare earth corridors.

1 Feb 2026, 11:11 AM

The Bio Pharma Shakti initiative will focus on strengthening the Central Drugs Standard Control Organisation, with a dedicated scientific review cadre to be created. An allocation of ₹10,000 crore has been announced for the Bio Pharma sector to align with international drug standards.

1 Feb 2026, 11:11 AM

The first Kartavya focuses on accelerating and sustaining economic growth, with measures including scaling manufacturing across seven frontier sectors, rejuvenating key industries, strengthening MSMEs, a strong push for infrastructure, long-term economic stability, and city development.

1 Feb 2026, 11:09 AM

Over 350 reforms have been ruled out in the Budget. A “Reform Express” has been outlined, focusing on employment, productivity and economic growth.

1 Feb 2026, 11:09 AM

The Budget outlines three Kartavyas — accelerating economic growth, fulfilling people’s aspirations, and advancing the vision of Sabka Saath, Sabka Vikas.

1 Feb 2026, 11:08 AM

The Union Budget has been described as a Yuva Shakti–driven Budget and is the first Budget prepared at Kartavya Bhawan.

1 Feb 2026, 11:07 AM

The economic growth rate has been pegged at 7%.

1 Feb 2026, 11:05 AM

Presenting the Budget for the ninth time, Finance Minister Nirmala Sitharaman said that since the Modi government assumed office, the economy has been marked by stability, fiscal discipline, sustained growth and moderate inflation.

The Union Budget has been prepared with the 2047 goal in mind, Prime Minister Narendra Modi said, calling it a Budget for Viksit Bharat.

1 Feb 2026, 11:00 AM

1 Feb 2026, 10:45 AM

Finance Minister Nirmala Sitharaman will present the Union Budget 2026 wearing a magenta Kattam Kanjeevaram silk saree from Tamil Nadu, featuring golden checks, a coffee-brown border, and a plain yellow full-sleeve blouse.

1 Feb 2026, 10:40 AM

The Union Cabinet has approved the Finance Bill 2026 ahead of Finance Minister Nirmala Sitharaman's budget speech. The Union Budget 2026 will be presented in Parliament today, on 1 February, by Finance Minister Nirmala Sitharaman.

31 Jan 2026, 7:00 PM

His expectations also include a broader review of retirement-related tax benefits, with scope to expand incentives beyond NPS, reflecting the continued use of EPF, PPF and ELSS in long-term financial planning.

31 Jan 2026, 5:00 PM

As part of his Budget 2026 expectations, Gupta flags the need to ease the transition to the new tax regime, including reconsideration of home loan interest benefits under Section 24(b) for self-occupied properties. 

31 Jan 2026, 3:00 PM

Commenting on recent NPS reforms, ClearTax Founder and CEO, Archit Gupta says that while the lump-sum withdrawal limit has increased to 80%, taxing the additional 20% at slab rates reduces the intended liquidity benefit at retirement. 

31 Jan 2026, 1:00 PM

ClearTax Founder and CEO, Archit Gupta, highlights the role of employee equity in wealth creation, noting that 11% of new ₹50 lakh-plus income earners last year reached that level solely through ESOPs and equity compensation. 

31 Jan 2026, 11:00 AM

Ahead of the Union Budget presentation, expectations remain centered on infrastructure-led growth, employment generation, and sustained support for manufacturing, MSMEs, and export competitiveness.

30 Jan 2026, 9:00 PM

With inflation easing, Budget 2026 is likely to prioritise stability and targeted policy measures over broad stimulus, while maintaining fiscal discipline.

30 Jan 2026, 7:00 PM

Budget 2026 is expected to continue the government’s focus on capital expenditure, with infrastructure spending seen as a key driver of growth and private investment.

30 Jan 2026, 5:00 PM

• The government is expected to continue its focus on expanding social security coverage, especially for gig workers and the unorganised sector.
• Budget 2026 is expected to continue prioritising agriculture and rural livelihoods, with emphasis on irrigation, crop insurance and allied activities.

30 Jan 2026, 3:00 PM

With the Union Budget 2026 scheduled for February 1, markets are tracking expectations for lower long-term capital gains (LTCG) exemptions, Securities Transaction Tax (STT) relief, and tax parity across income and investment categories as key pre-Budget themes.

30 Jan 2026, 1:00 PM

The Institute of Chartered Accountants of India (ICAI) has submitted its Pre-Budget Memorandum outlining tax reforms, including compliance simplification, reduced litigation, and support for sustainable growth drivers ahead of Budget 2026.

30 Jan 2026, 11:00 AM

With Budget 2026 approaching, attention is on possible tax relief measures, including potential tweaks to Section 80CCD (NPS) to improve retirement savings incentives. The current NPS tax benefit allows an additional ₹50,000 deduction under Section 80CCD(1B) over and above Section 80C limits.

29 Jan 2026, 6:00 PM

• Medium- and high-technology industries now account for over 46% of India’s manufacturing value added, indicating structural upgrading.
• Electronics emerged as one of the fastest-growing export segments, supported by PLI-led scale-up.
• Logistics costs declined to around 8% of GDP, improving supply-chain efficiency and export competitiveness.

29 Jan 2026, 4:00 PM

• Services sector GVA is estimated to grow over 9% in FY26, led by financial services, trade, transport and public services.
• Construction activity remained strong, supported by sustained infrastructure spending and urban development projects.
• Capacity utilisation in manufacturing stayed above its long-term average, signalling continued investment readiness.

29 Jan 2026, 1:50 PM

• Gross Enrolment Ratio (GER) stands at 90.9% (primary), 90.3% (upper primary), and 78.7% (secondary) levels.
• India now has 23 IITs, 21 IIMs, and 20 AIIMS, along with two international IIT campuses in Zanzibar and Abu Dhabi.
• India has outpaced global averages in reducing maternal and child mortality since 1990.
• As of January 2026, the e-Shram portal has registered over 31 crore unorganised workers, with 54% women.
• Vacancies mobilised on the National Career Service portal exceeded 2.8 crore in FY25 and crossed 2.3 crore by September FY26.
• Multidimensional Poverty Index shows poverty declining from 55.3% in 2005-06 to 11.28% in 2022-23.

29 Jan 2026, 1:40 PM

• India’s share of global merchandise exports increased from 1% in 2005 to 1.8% in 2024.
• Services exports touched an all-time high of USD 387.6 billion in FY25, growing by 13.6%.
• India remained the world’s largest recipient of remittances with inflows of USD 135.4 billion in FY25.
• India’s foreign exchange reserves increased to USD 701.4 billion as of 16 January 2026. It provides cover for about 11 months of imports and 94% of external debt.
• Average headline inflation stood at 1.7% during April–December 2025 which is the lowest since the CPI series began.
• Foodgrain production is estimated at 3,577.3 lakh metric tonnes in AY 2024–25. It shows an increase of 254.3 LMT over the previous year.
• More than ₹4.09 lakh crore has been released to eligible farmers under PM-KISAN since its inception.

29 Jan 2026, 1:30 PM

• Gross NPAs of scheduled commercial banks declined to 2.2% in September 2025, a multi-decadal low.
• Net NPAs stood at 0.5% during the same period.
• Bank credit growth increased to 14.5% year-on-year as of December 2025.
• Manufacturing GVA grew 7.72% in Q1 and 9.13% in Q2 of FY26, reflecting structural recovery.
• PLI schemes across 14 sectors have attracted over ₹2 lakh crore of actual investment and generated over 12.6 lakh jobs as of September 2025.

29 Jan 2026, 1:20 PM

• Effective capital expenditure rose to around 4% of GDP in FY25.
• States maintained capital spending at around 2.4% of GDP through central assistance.
• India reduced its general government debt-to-GDP ratio by about 7.1 percentage points since 2020.
• High-speed corridors increased nearly ten-fold from 550 km in FY14 to 5,364 km in FY26 (up to December 2025).
• 3,500 km of railway lines were added in FY26.
• India is now the world’s third-largest domestic aviation market. The number of airports increasing from 74 in 2014 to 164 in 2025.

29 Jan 2026, 1:10 PM

• The Centre’s revenue receipts increased to 9.2% of GDP in FY25 (PA).
• The direct tax base expanded with income tax returns rising to ₹9.2 crore in FY25.
• Gross GST collections during April–December 2025 stood at ₹17.4 lakh crore, growing 6.7% year-on-year.

29 Jan 2026, 1:00 PM

• India remains the fastest-growing major economy for the fourth consecutive year.
• Private consumption grew by 7.0% in FY26, reaching 61.5% of GDP, the highest level since FY12.
• Gross Fixed Capital Formation grew by 7.8% in FY26, maintaining a 30% share of GDP.

29 Jan 2026, 12:50 PM

• Real GDP growth for FY26 is projected at 7.4%, while GVA growth is estimated at 7.3%, as per the First Advance Estimates.
• India’s potential growth is estimated at around 7%.
• Real GDP growth for FY27 is projected in the range of 6.8%–7.2%.

29 Jan 2026, 10:20 AM

The Economic Survey 2025–26 is expected to be tabled in Parliament at 11:00 AM today, ahead of the Union Budget 2026 presentation on February 1. The Economic Survey 2025–26 provides an overview of India’s economic performance and sets the context for Budget 2026.