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FM Sitharaman noted that the government has undertaken multiple initiatives over the last ten years to scale up public infrastructure, including the use of new financing vehicles
Updated : Feb 1, 2026

Budget 2026: Govt raises capex to Rs 12.2 lakh crore, bets Big on Tier II, III infrastructure

Presenting the Budget, she said public capex has risen sharply over the past decade, from about ₹2 lakh crore in 2014–15 to ₹11.2 lakh crore in the Budget Estimates for FY26, and the proposed hike for FY27 is aimed at maintaining this momentum.

The 16th Finance Commission was set up on December 31, 2023 to decide on the devolution of tax revenue between the Centre and the states for the period from April 1, 2026 to March 31, 2031.
Updated : Feb 1, 2026

Union Budget 2026: The Finance Commission and what it means

As the 16th Finance Commission’s report is tabled in Parliament, here’s a look at its role and the importance of its report  

Union Budget 2026: Direct taxes
Updated : Jan 30, 2026

Union Budget 2026: Direct taxes likely to be primary source of revenue, says Anand Rathi 

In FY26, net direct tax collections logged a steady growth rising to Rs 18.37 lakh crore by January 11, 2026, data show.

Tabled in Parliament, the Economic Survey offered food for thought by outlining reforms policymakers could explore and signalling possible policy directions ahead of the Union Budget.
Updated : Jan 29, 2026

CEA: India's 7% growth potential can rise to 7.5% in next few years with more reforms

Survey suggests fresh ideas on manufacturing and Swadeshi, asset monetisation, fiscal consolidation.

Total renewable capacity has more than tripled over the last decade—from 76.38 GW in 2014 to 253.96 GW as of November 2025.
Updated : Jan 29, 2026

Economic Survey 2025-26: India’s clean energy push has crossed a critical milestone

India’s clean energy strategy is also expanding to nuclear, green hydrogen and bioenergy

Economic Survey on road and rail infra
Updated : Jan 29, 2026

Economic Survey 2026: How government put road & rail infra expansion on fast track 

On National Highways, the survey says the network has grown 60% in 12 years.

Gross Value Added (GVA) growth for FY26 is placed at 7.3%, while India’s potential growth rate is assessed at around 7%, with real GDP growth for FY27 projected in the 6.8–7.2% range.
Updated : Jan 29, 2026

India retains fastest-growing economy tag as domestic demand drives growth: Economic Survey; other top highlights

The Economic Survey 2025–26 projected India’s real GDP growth at 7.4% for FY26, reaffirming its position as the fastest-growing major economy. Robust consumption, rising investment and low inflation supported growth despite a fragile global backdrop.

Rupee fall to record low
Updated : Jan 29, 2026

Economic Survey 2026: Why rupee is 'punching below its weight' & how to contain currency correction  

The government's stance in its policy document on the Indian currency comes on a day when the rupee hit a record low of 92 mark in early deals today.

On Thursday, the Indian rupee slid to a record low of 91.99 against the US dollar.
Updated : Jan 29, 2026

'Rupee’s valuation does not accurately reflect stellar economic fundamentals': Economic Survey 2025-26

The Economic Survey 2025-26 noted that the rupee’s underperformance in 2025 was driven more by global uncertainty and capital flow dynamics than by any deterioration in India’s macroeconomic health.

Union Budget 2026: Make in India scheme
Updated : Jan 28, 2026

Union Budget 2026: How tariff rationalisation could support ‘Make in India’

The Modi government also aims to make India a leading destination for foreign direct investment (FDI) and a leader in design and innovation. 

Budget 2026: Consolidated Fund of India
Updated : Jan 26, 2026

Budget 2026: Understanding India's Public Account - a trust, not a treasury

The Public Account of India stands as a critical component of the nation's financial system, with the government acting as a trustee for funds deposited by individuals, organisations, and various entities. This account is distinct from other government funds, as its balances do not belong to the government but rather to the depositors, requiring eventual repayment. Its structure and operational features have significant implications for the government's fiduciary responsibilities and the management of public funds.

The fiscal consolidation roadmap from FY27 is crucial as the Sixteenth Finance Commission’s recommendations will shape Union Budget arithmetic and Centre–state tax devolution from 2026 to 2031.
Updated : Jan 26, 2026

Union Budget 2026-27: Why the Centre’s fiscal consolidation roadmap is important

FY26 fiscal deficit seen at 4.4% of GDP, FY27 at about 4.2%; recommendations of 16th FC; new fiscal roadmap awaited; capex spends monitorable, note experts

Capital expenditure is projected to remain robust at around 3–3.1% of GDP in FY27, reinforcing the government’s emphasis on infrastructure-led growth.
Updated : Jan 21, 2026

Union Budget 2026 unlikely to spring tax surprises as capex focus stays intact: DBS report

Budget 2026 is expected to stay steady on taxes while doubling down on capex-led growth, according to a DBS Group report. The analysis suggests recent tax changes have already been factored into fiscal calculations. Public investment is likely to remain the key growth lever in FY27.

Sanjeev Krishan, Chairperson, PwC in India, at Davos 2026.
Updated : Jan 20, 2026

Davos 2026: Union Budget must focus on spending impact, says PwC India Chairperson Sanjeev Krishan

On Budget, Krishan said the emphasis should now be on expenditure quality and impact. With reforms such as GST rationalisation and multiple free trade agreements already in place, he argued that the key question is how government spending can be used to unlock productivity and competitiveness.

Union Budget 2026: Last month, Finance Minister Nirmala Sitharaman had signalled that customs simplification would be among the government’s next major reform priorities, underscoring the policy push behind the exercise.
Updated : Jan 9, 2026

Budget 2026: Customs duty overhaul in the backdrop of trade deals on cards

Union Budget 2026: The exercise assumes importance as India has recently concluded multiple trade agreements and is actively negotiating several others, including with developed markets.

Among states, Andhra Pradesh is followed by Tamil Nadu, which has projects worth Rs 87,640 crore, and Madhya Pradesh with Rs 65,496 crore.
Updated : Jan 8, 2026

Andhra Pradesh leads states in Rs 17 lakh crore PPP pipeline unveiled by the Finance Ministry

Andhra Pradesh has emerged as the leading state in the pipeline, with projects worth Rs 1.16 lakh crore, underlining its aggressive push to scale up infrastructure development through private sector participation.

Updated : Dec 27, 2024

Budget 1991: How then FM Manmohan Singh announced a slew of reforms to turn around the economy

“The room for manoeuvre, to live on borrowed money or time, does not exist anymore,” he underlined in his Budget speech

India is aiming to reduce its fiscal deficit below 4.5 percent by 2025-26.
Updated : Jul 23, 2024

Budget 2024: FM Nirmala Sitharaman lowers fiscal deficit target to 4.9% of GDP for FY25

The Union government has been rapidly reducing its fiscal deficit target after it ballooned to 9.2 percent in 2020-21 due to the coronavirus pandemic.

The growth in capex has stayed in double digits in six of the last seven years and is likely to slow down from the 28.4 percent growth experienced in FY24 and 24.8 percent the year before.
Updated : Jul 23, 2024

Budget 2024: FM Nirmala Sitharaman retains FY25 capex target at Rs 11.11 lakh crore

The government will end up spending 3.4 percent of the Budget on capex compared to 3.2 percent in the previous year and almost double what it spent five years ago.

Interim Budget allocated Rs 2.05 lakh crore for food subsidy bill.
Updated : Jul 23, 2024

Budget 2024: Centre makes no announcement on FY25 food subsidy bill under Modi 3.0

The entire food subsidy bill is set to be spent on the Pradhan Mantri Garib Kalyan Anna Yojana, which was extended by five years by the Union Cabinet in November 2023 at a total cost of nearly Rs 12 lakh crore.

The net borrowing number for FY25, at Rs 11.75 lakh crore, is only slightly lower compared to the revised estimate of Rs 11.80 lakh crore for the previous fiscal.
Updated : Jul 23, 2024

Union Budget 2024: Nirmala Sitharaman keeps borrowing limit unchanged in FY25

Out of gross market borrowing estimated for FY25, Rs 7.50 lakh crore (53.08 percent) is planned to be borrowed in the first half (H1) through dated securities, including Rs 12,000 crore through issuance of Sovereign Green Bonds.

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