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Budget 2026-27: Part B To Outline India's Long-Term Economic Roadmap

The Union Budget 2026-27 will feature a historic shift, with Finance Minister Nirmala Sitharaman devoting unprecedented detail in Part B to outline India's long-term economic direction and policy reforms. This segment will move beyond just tax proposals to articulate a roadmap for boosting India's competitive advantages on the global stage. Key emphasis areas are expected to include defence, infrastructure, capital expenditure, and affordable housing, while balancing social welfare with fiscal prudence. The Budget aims to sustain growth momentum amid global uncertainty, marking Sitharaman's ninth consecutive presentation and the second full budget of the Modi-led NDA government's third term.

Key Points: Budget 2026-27: Part B To Detail India's Economic Direction

  • Overhaul of Budget speech structure
  • Part B as broad economic statement
  • Focus on defence, infra & affordable housing
  • Balancing growth with fiscal discipline
2 min read

Historic shift: Part B of Budget to share long-term objectives to shape India's growth

FM Sitharaman to use Budget Part B for long-term growth vision, focusing on defence, infra, and fiscal prudence. Historic 9th presentation.

"Part B will articulate both short-term priorities... and long-term objectives that will shape India's growth trajectory. - Officials"

New Delhi, Feb 1

The government is set to present the Union Budget 2026-27, with Part B of the Budget document likely to carry unprecedented detail and emphasis on economic direction and policy reforms for the first time -- sharing directional cues on growth priorities and the country's emerging role in a shifting global economy.

The Union Budget is divided into two parts -- A and B -- with the latter part serving primarily as a shorter segment focused on tax proposals and select updates, while part A of the Budget carries most of the detailed policy announcements.

With this year's Budget, the government is overhauling the structure of the Finance Minister's speech, as per officials.

Finance Minister Nirmala Sitharaman is likely to devote unprecedented detail to Part B, which is expected to serve not just as a tax policy outline but as a broader statement on India's economic direction.

According to officials, Part B will articulate both short-term priorities aimed at immediate economic stability and long-term objectives that will shape India's growth trajectory.

The segment is also likely to present a roadmap to boost India's local strengths on the global stage, highlighting sectors where the country has competitive advantages, while projecting the surprise sectors.

The emphasis this year is likely to be on defence, infrastructure, capex, power, and higher growth in affordable housing, apart from balancing social welfare with fiscal prudence. Besides, policymakers will also balance growth priorities with fiscal discipline amid heightened global uncertainty.

The Budget is likely to strike a deft balance of sustaining growth momentum and maintaining fiscal consolidation. It also needs to address near-term challenges emanating from unprecedented geopolitical flux, said economists.

FM Sitharaman will present the 15th Budget of the Prime Minister Narendra Modi government. This will also be the second full Budget since the National Democratic Alliance (NDA) came to power for a third consecutive term in 2024.

Sitharaman is also the first woman finance minister of the country to present the Budget in Parliament for the ninth consecutive time. While the FY26 Budget was more tilted towards stimulating middle-class consumption with tax reliefs, the FY27 Budget's approach to stimulating consumption is likely to be selective.

- IANS

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Reader Comments

P
Priya S
Hoping the "selective" approach to stimulating consumption doesn't leave the common man behind. Last year's tax relief was a big help. We need policies that boost both growth *and* disposable income for the middle class. Affordable housing push is good news!
R
Rohit P
Fiscal discipline is key, especially with global uncertainty. But I hope this long-term vision in Part B includes concrete plans for job creation in the private sector. Capex is great, but we need more "Make in India" success stories that employ our youth.
S
Sarah B
As someone working in renewable energy, I'm keenly watching for the "surprise sectors" mentioned. India has massive potential in green tech. A clear roadmap here could position us as a global leader. Hope the vision is bold and actionable.
V
Vikram M
Respectfully, while a long-term vision is good, the execution on the ground is what matters. We've seen big announcements before. The proof will be in how these "directional cues" translate into simpler regulations and easier business processes for MSMEs.
K
Kavya N
Balancing social welfare with fiscal prudence is the real challenge. Subsidies are important, but so is investing in quality healthcare and education infrastructure. Hope the budget allocates wisely for human development, not just physical assets.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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