New Delhi, Feb 01 The government is preparing to present the Union Budget 2026–27, and this year it could look quite different from before. For the first time, Part B of the Budget is expected to go beyond taxes and clearly explain where India’s economy is headed in the coming years.
Usually, the Budget has two parts — Part A, which contains major policy announcements, and Part B, which briefly covers tax proposals. But this time, the government plans to revamp the Finance Minister’s Budget speech, giving much more importance to Part B, officials said.
Finance Minister Nirmala Sitharaman is likely to use Part B to spell out both short-term steps to keep the economy stable and long-term goals that will shape India’s growth. It is expected to act as a roadmap for how India plans to strengthen its position in a fast-changing global economy.
The Budget may also highlight sectors where India has strong global potential, while drawing attention to some unexpected new growth areas. Key focus areas are likely to include defence, infrastructure, capital spending, power, and affordable housing, along with continued attention to social welfare.
At the same time, the government is expected to balance growth with fiscal discipline, especially amid global uncertainty and geopolitical tensions. Economists say the Budget will need to support growth while keeping government finances under control.
This will be the 15th Budget of the Narendra Modi government and the second full Budget since the NDA returned to power for a third term in 2024. It will also mark Nirmala Sitharaman’s ninth consecutive Budget, making her the first woman finance minister to achieve this milestone.
While last year’s Budget focused heavily on middle-class tax relief to boost spending, the upcoming Budget is expected to take a more targeted approach to encouraging consumption.
