Union Budget 2026: How Capex Will Power India’s Next Growth Phase

As India prepares for Union Budget 2026, one word is dominating all discussions - capital expenditure or capex. In this explainer, we break down why government spending on infrastructure is so critical right now. With global trade slowing and geopolitical risks rising, India is relying on capex to support jobs, boost demand and attract private investment. States are pushing for more funds for housing, cities and rural development, while industries expect a strong infrastructure push. The government may raise FY27 capex to ₹12–12.5 lakh crore, expand incentives under Drone Shakti, and even create a ₹25,000 crore fund to revive stalled projects. Watch this explainer to understand how Budget 2026 could shape India’s growth story in the coming years.