Here are 20 key points from India’s Union Budget 2026 presented by Finance Minister Nirmala Sitharaman, each with a simple rating: +1 (positive), 0 (neutral/unclear), –1 (negative/concern) based on likely public & economic impact. (ETCFO.com)
Increased public capital expenditure to ₹12.2 lakh crore — +1 (boosts infrastructure & growth). (ETCFO.com)
Fiscal deficit target at ~4.3% of GDP — 0 (fiscal discipline but may limit spending). (The Economic Times)
Seven high-speed rail corridors announced — +1 (improves connectivity & jobs). (ETCFO.com)
India Semiconductor Mission 2.0 & electronics push (~₹40,000 cr) — +1 (tech self-reliance). (The Economic Times)
Rare Earth Corridors for strategic minerals — +1 (critical tech supply chain). (ETCFO.com)
New chemical parks & container manufacturing scheme — +1 (industrial capacity). (ABP Live)
Integrated textile programmes & mega textile parks — +1 (jobs & exports). (ABP Live)
Mandatory TReDS for MSME payments — +1 (helps smaller suppliers). (ABP Live)
Top-up to Self-Reliance India Fund in FY27 — +1 (supports growth businesses). (ABP Live)
Infrastructure Risk Guarantee Fund — +1 (crowds in private investment). (ABP Live)
20 new national waterways & coastal cargo scheme — +1 (logistics boost). (ABP Live)
Tax slabs unchanged — 0 (status quo; may disappoint some taxpayers). (The Times of India)
STT hike on derivatives — –1 (higher trading costs). (NDTV Profit)
Financial reforms (total return swaps, municipal bond incentives) — +1 (deepens markets). (NDTV Profit)
Carbon capture fund (~₹20,000 cr) — +1 (climate innovation push). (NDTV Profit)
Customs duty exemptions on certain goods & medicines — +1 (ease of living). (The Indian Express)
High-level banking committee for reform — +1 (long-term financial stability). (The Indian Express)
National Fibre Scheme (self-sufficiency in fibres) — +1 (textile ecosystem strength). (The Indian Express)
No state tax devolution increase (states share stays 41%) — –1 (states unhappy about limited fiscal space). (Reuters)
Record high gross borrowing (~₹17.2 trn) — –1 (borrowings & debt concerns). (Reuters)
📊 Summary Ratings
Positive (+1): 13
Neutral (0): 2
Negative (–1): 5
Overall: Budget 2026 emphasizes infrastructure, manufacturing, strategic tech, and fiscal discipline, with industry and growth priorities strong, though some market and fiscal concerns (like STT hikes and borrowing) are noted.
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