Union Finance Minister Nirmala Sitharaman on Sunday tabled her 9th consecutive Budget. It is the first time in India's fiscal history that the Union Budget 2026 was presented on a Sunday.
According to the Economic Survey 2026 tabled on Thursday, India's economy is projected to grow 7.4 per cent in financial year 2026 (FY26) and 6.8-7.2 per cent in FY27, driven by regulatory reforms, a strong macroeconomic base, and a renewed call for private sector investment.
FM Sitharaman tabled Union Budget and said, "," Since we assumed office 12 years ago, the country's economic trajectory has been marked by stability, fiscal discipline, sustained growth and moderate inflation. This is the result of conscious choices we have made even in times of uncertainty and disruptions."
"We have pursued far-reaching structural reforms. Fiscal prudence and monetary stability, while maintaining a strong thrust on public investment, keeping self-reliance as a pillar. We have built domestic manufacturing capacity, energy security and reduced critical import dependencies."
Finance Minister Nirmala Sitharaman announced 7 high speed rail corridors. FM Sitharaman also revealed the routes of high-speed rail corridors-
Mumbai to Pune
Pune to Hyderabad
Hyderabad to Bengaluru
Hyderabad to Chennai
Chennai to Bengaluru
Bengaluru to Varanasi
Varanasi to Siliguri
She further said, "Keeping Aatmanirbharta as a lodestar, we have built domestic manufacturing capacity, energy security and reduced critical import dependencies. Simultaneously, we have ensured that citizens benefit from every action of the Government, undertaking reforms to support employment generation, agricultural productivity, household purchasing power and universal services to people.
These measures have delivered a high growth rate of around 7% and helped us make susbstantial strides in poverty reduction and improvement in the lives of our people."
"To accelerate and sustain economic growth, I propose interventions in six areas -Scaling up manufacturing in 7 strategic sectors; Rejuvenating legacy industrial sectors; Creating champion MSMEs; Delivering a push for infra; Ensuring long-term security and stability; Developing city economic regions."
"...To develop India as a global bio-pharma manufacturing hub, I propose Bio Pharma Shakti with an outlay of Rs 10,000 crores over the next 5 years. This will build an ecosystem for domestic productions of biologics and biosimilars."
" "Today, we face an external environment in which trade and multilateralism are in imperent and access to resources and supply chains are disrupted. New technologies are transforming production systems while sharply increasing demands on water, energy and critical minerals. India will continue to take confident steps towards Viksit Bharat, balancing ambition with inclusion."
" As a growing economy with expanding trade and capital needs, India must also remain deeply integrated with global markets, exporting more and attracting stable long term investment."
"...We will launch India Semiconductor Mission 2.0 and also focus on industry-led research and training centres to develop tech and skilled workforce."
