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The theme of the budget largely focused on three key issues - fiscal stability, attracting foreign investment, and improving ease of taxation, said Rupen Rajguru of Julius Baer India.
In a global environment marked by uncertainty, India has delivered a Budget that keeps its compass steady.
Financing the fiscal deficit in FY27 through market borrowings would need the help of the RBI
Banks say rules governing the digital currency are a risk to financial stability. Are they just trying to stamp out competition?
India needs to complement its macroeconomic soundness by addressing geopolitics. Budget takes steps in that direction through proposals on a rare earth corridor, semiconductor incentives and a generous tax break for data centres
The Union Budget 2026 reshapes M&A dynamics. It changes share buyback taxation and disallows certain interest deductions. These measures affect deal structuring, financing, risk management, and exit strategies
For MSMEs, the Budget delivers one of its most consequential packages in recent years
The Budget signals a clear shift towards non-metro India. It empowers MSMEs, regional clusters, technology and skills. This drives inclusive growth, global integration and long-term resilience
The Budget reflects India’s balanced growth. It strengthens urbanisation, platform work and MSMEs. Reforms expand livelihoods, social protection and economic confidence
While roads and bridges get a massive funding boost, education and health receive less than 5% of the Budget, showing where the priorities really lie
Chinese President Xi Jinping has consciously taken major risks by sacking two top generals, including the vice chairman of Central Military Commission. What motivated him is unclear through there are unconfirmed reports of a failed coup. India needs to use the opportunity to restructure its relations with China
The STT hike is a short-term headwind for equity markets and bond yields may remain elevated due to higher borrowing
The Union Budget 2026-27 demonstrates the government's commitment to infrastructure investment, MSME empowerment, and fiscal consolidation while navigating global economic uncertainties
The government's FY27 fiscal deficit target of 4.3% of GDP and elevated capex allocation reinforce policy credibility though higher gross borrowings will test market appetite in the near term
The Finance Minister's decision to raise securities transaction tax has rattled markets, with the Nifty falling sharply as traders worry about shrinking margins and reduced market liquidity
The basic assumptions of the Budget seem to be in order. It does well and should help the economy achieve a sustained 7% growth rate
16th Finance Commission: A shift in approach that will not help states with lower fiscal capacity. The Commission has discontinued grants-in-aid for revenue needs. Its underlying approach is that fiscal surgery can be performed through blunt instruments
What stands out is the continued emphasis on digital public infrastructure and predictable, rule-based governance
It should be viewed in the context of India’s long-term economic goal of becoming a developed nation by 2047. Government has successfully created institutional mechanisms which have shifted reforms from being episodic to continuous
Manufacturing stands out as one of the biggest beneficiaries of Budget FY27. Higher allocations, new schemes and the removal of import duties on several critical inputs point to a strong policy thrust towards domestic value creation.
Rise in capex of Rs 1 lakh crore from FY26 budgetary estimate which has led to rise in gross borrowings of the government and which could raise the cost of borrowing for the economy.
Union Budget presented by the Finance Minister could well be reform focused blueprint aimed at positioning India for sustained high growth over the coming decade.
Budget 2026 is not designed to excite markets today — it is designed to make India structurally stronger by 2030 and globally competitive by Viksit Bharat 2047.
There’s a clear emphasis on spending focused on the cutting edge of the military and domestic procurement of equipment This year, the relative importance of defence spending has risen
The Union Budget for 2026-27 maintains its focus on capital expenditure and macro stability while transitioning to a debt-to-GDP fiscal framework to create space for countercyclical support, if needed
