Budget 26: Growth push with jobs, markets, and women at the core

February 2, 2026 Hot from the Oven Valli Sarvani

Budget 2026: Growth push with jobs, markets, and women at the core

India’s Union Budget 2026 marks a landmark moment, as it was presented on a Sunday for the first time in over a decade.

Finance Minister Nirmala Sitharaman delivered her ninth consecutive Budget speech on 1 February, outlining an agenda focused on growth, infrastructure, inclusion, and market reforms.

Overall, the Budget seeks to balance long-term development with targeted social and economic interventions.

To begin with, infrastructure received a strong push. Public capital expenditure was raised to ₹12.2 trillion for FY2026–27.

This higher spending is expected to create jobs and stimulate allied industries. Additionally, the government proposed dedicated REITs to recycle real estate assets of CPSEs.

This move aims to unlock value and improve capital efficiency. Moreover, an Infrastructure Risk Guarantee Fund will provide partial credit guarantees to lenders, thereby encouraging private investment.

Urban and regional development also gained attention. Each City Economic Region (CER) will receive ₹5,000 crore over five years.

Consequently, cities may see improved transport, housing, and public services. At the same time, the Coastal Cargo Promotion Scheme was announced.

It targets an increase in the inland waterways and coastal shipping share from 6% to 12% by 2047. This should reduce logistics costs and ease pressure on roads.

For the common man, the impact will be both direct and indirect. While income tax slabs remain unchanged, investments in infrastructure can improve daily life over time.

Better roads, ports, and urban facilities often translate into more jobs and higher rural and urban incomes. Education and welfare initiatives also shape long-term opportunities.

A notable social initiative is the launch of SHE Marts. These community-owned retail outlets will support women-led enterprises in rural areas.

As a result, women entrepreneurs gain better market access and branding opportunities. This initiative also strengthens self-help groups and local institutions.

Capital markets saw important reforms. The Budget introduced a market-making framework and allowed broader participation in corporate bond derivatives.

However, higher STT on futures and options may dampen short-term trading sentiment. Still, these steps aim to deepen markets and improve liquidity.

Export-oriented sectors received targeted support. Marine products, leather, and textiles benefit from higher duty-free import limits.

This helps exporters facing global trade pressures. Meanwhile, youth-focused measures include university townships near industrial corridors and support for the creative “orange economy.”

Budget 2026 prioritises growth, inclusion, and structural reform. It focuses less on immediate tax relief and more on building long-term economic strength.

Image from Pxhere (Free for commercial use / CC0 Public Domain)

Image Published on March 12, 2017