The Union Budget 2026–27, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, is a strategic roadmap toward Viksit Bharat 2047, emphasizing job creation, MSME growth, and technological self-reliance.

Here is a detailed 100-point summary of the key highlights:

I. Macroeconomic & Fiscal Discipline

 * Capital Expenditure: Increased by 9% to a record ₹12.2 lakh crore to sustain infra growth.
 * Fiscal Deficit: Target set at 4.3% of GDP for FY27 (down from 4.4%).
 * Total Budget Outlay: Pegged at ₹53.5 lakh crore.
 * GDP Growth: Projected at 6.8%–7.2% for the upcoming fiscal year.
 * Debt-to-GDP: Medium-term target to bring it down to 50% (±1%) by 2030.
 * Market Borrowing: Estimated gross borrowing at ₹17.2 lakh crore.
 * Tax Devolution: ₹1.4 lakh crore to be devolved to states.
 * Net Tax Receipts: Estimated at ₹28.7 lakh crore.
 * Capex Share: Public capex has grown from ₹2 lakh crore in 2014 to over ₹12 lakh crore now.
 * State Support: ₹1.5 lakh crore in interest-free loans provided to states for capital projects.


II. Direct & Indirect Taxation

 * New Income Tax Act, 2025: Set to replace the 1961 Act starting April 1, 2026.
 * Tax Slabs (New Regime): No changes to the existing rates for FY 2026–27.
 * Standard Deduction: Effectively pushes the zero-tax limit to ₹12.75 lakh for salaried individuals.
 * Simplified ITR: New, redesigned forms to reduce the text and sections of tax laws by 50%.
 * ITR Deadline: Filing for revised returns extended to July 31.
 * TDS Refunds: Allowed even if ITR is filed after the deadline, without penal charges.
 * STT on Futures: Increased from 0.02% to 0.05%.
 * STT on Options: Premium tax increased from 0.10% to 0.15%.
 * Buyback Tax: Proceeds for all shareholders to be taxed as Capital Gains.
 * Minimum Alternate Tax (MAT): Rate reduced from 15% to 14% and treated as final tax.
 * Customs (Pharma): 17 life-saving cancer drugs exempted from basic customs duty.
 * Customs (Seafood): Duty-free import limit for seafood processing inputs raised to 3%.
 * Customs (Aviation): Components for civilian aircraft manufacturing exempted from duty.
 * TCS on Travel: Tax on overseas tour packages reduced to a flat 2% (from 5%/20%).
 * TCS on LRS: Education and medical remittances abroad reduced to 2%.
 * Cloud Services Tax: Tax holiday till 2047 for foreign companies using Indian data centers.
 * Tribunal Awards: Interest awarded by Motor Accident Claims Tribunals exempted from tax.
 * Manpower TDS: Reclassified under "contractor payments" (1% or 2%) to end ambiguity.
 * Dispute Resolution: New scheme to close tax disputes by paying a fee in lieu of penalty.
 * Gold/Silver: Customs duty rationalization led to a price dip post-announcement.


III. MSMEs & Industrial Manufacturing

 * Champion MSMEs Fund: New ₹10,000 crore fund for high-growth small businesses.
 * Self-Reliant India (SRI) Fund: Top-up of ₹2,000 crore for risk capital.
 * TReDS Mandatory: All CPSEs must use TReDS to settle MSME payments.
 * GeM–TReDS Link: Integration to provide MSMEs with faster, cheaper invoice discounting.
 * Credit Guarantees: Enhanced support for MSMEs through the CGTMSE scheme.
 * Electronic Components: Outlay for manufacturing increased to ₹40,000 crore.
 * ISM 2.0: Launch of India Semiconductor Mission 2.0 for ecosystem building.
 * Rare Earth Corridors: Dedicated corridors in Odisha, TN, Andhra, and Kerala.
 * Chemical Parks: Three dedicated plug-and-play chemical parks planned per state.
 * Container Manufacturing: ₹10,000 crore outlay over 5 years for shipping containers.
 * Textile Upgrade: Samarth 2.0 launched to modernize technical textile clusters.
 * Khadi Support: Mahatma Gandhi Gram Swaraj Initiative to boost khadi production.
 * Sports Goods: Reforms to make India a global hub for sports manufacturing.
 * Production Linked Incentive (PLI): Extended for medical devices and toys.
 * Deep Tech Fund: Established to support high-end R&D in strategic sectors.


IV. Infrastructure & Railways

 * High-Speed Rail: Seven new corridors (e.g., Mumbai–Pune, Hyderabad–Bengaluru).
 * Freight Corridors: New East-West corridor from Dankuni to Surat.
 * Urban Challenge Fund: ₹1 lakh crore allocated for urban infra reforms.
 * City Economic Regions: ₹5,000 crore per city for Tier II/III hub development.
 * Asset Recycling: Targeted recycling of ₹10 lakh crore in CPSE assets.
 * Infra Risk Guarantee Fund: To help private developers manage construction risks.
 * Coastal Cargo: Scheme to double inland waterway share to 12% by 2047.
 * Dedicated REITs: To be set up for recycling real estate assets of CPSEs.
 * Ship Repair: Ecosystems to be established at Varanasi and Patna.
 * Waterways Training: Regional Institutes of Excellence for maritime skills.
 * Atomic Energy: Amendments to allow private sector partnerships in nuclear power.
 * Mountain Trade: Ecologically sustainable trade initiatives for UK and J&K.
 * Trekking Trails: Development of mountain trails in HP and Uttarakhand.
 * BharatNet: Expansion to provide high-speed broadband to all rural schools.
 * Logistics Hubs: Transformation of 15 major cities into world-class logistics hubs.


V. Agriculture & Rural Prosperity

 * PM Dhan-Dhaanya Krishi Yojana: Programme to develop specialized "Agri Districts."
 * National Mission on Seeds: Focus on climate-resilient, high-yielding varieties.
 * Makhana Board: Set up in Bihar to boost production and global exports.
 * Coconut Promotion: New scheme to replace old trees, benefiting 10 million farmers.
 * Plantation Crops: Dedicated programs for Cashew and Cocoa self-reliance.
 * Sandalwood: Efforts with states to revive the Indian sandalwood ecosystem.
 * Bharat-VISTAAR: Multilingual AI platform for customized agri-advisory.
 * Fisheries: Integrated development of 500 reservoirs and Amrit Sarovars.
 * Animal Husbandry: Entrepreneurship scheme to create high-quality rural jobs.
 * Cotton Mission: New mission to increase cotton productivity and quality.
 * Agri-Credit: Targeted coverage of 100 districts under enhanced KCC credit.
 * Gene Bank: Second Gene Bank with 10 lakh germplasm lines for food security.
 * Digital Agriculture Mission: Digital crop surveys and registry for 6 crore farmers.


VI. Healthcare & Social Welfare

 * Medical Seats: Plan to add 75,000 seats over 5 years (10,000 this year).
 * Biopharma Shakti: ₹10,000 crore outlay for biopharma manufacturing.
 * Regional Medical Hubs: Five regional hubs via PPP (Hospitals + Education).
 * Oncology Clinics: 200 new day-care centers for cancer treatment.
 * Caregiver Training: Training of 1.5 lakh specialized caregivers for the elderly.
 * Senior Care System: Dedicated support framework for geriatric care.
 * Nursing Upgrade: Massive push to upgrade nursing and paramedic institutes.
 * Ayurveda Expansion: Three new All India Institutes of Ayurveda.
 * Telemedicine: Expansion of services to cover remote tribal blocks.
 * Rare Diseases: Customs relief on 7 rare disease medicines.
 * Mental Health: Integration of mental health checkups in the Ayushman Bharat scheme.


VII. Education, Skilling & Women

 * Girls’ Hostels: One hostel to be built in every district.
 * Lakhpati Didi 2.0: Helping women move from credit-links to full enterprise ownership.
 * SHE-Marts: Dedicated marketplaces for rural women-led enterprises.
 * Centre of Excellence in AI: ₹500 crore outlay for AI in education.
 * IIT Expansion: Addition of 6,500 seats in IITs.
 * Modular Courses: Short-term skills via ICAI and ICSI for professional readiness.
 * Divyangjan Kaushal Yojana: Employment-linked skilling for persons with disabilities.
 * AVGC Labs: Content creation labs in 15,000 schools.
 * Research Fellowship: Enhancement of the PM Research Fellowship outlay.
 * Teacher Training: Focused capacity building for digital-age pedagogy.


VIII. Energy, Tech & Others

 * Green Transition: ₹20,000 crore for carbon capture and storage projects.
 * Biogas Blending: Incentives for blending biogas into the natural gas grid.
 * Critical Minerals: Support for mining and processing of lithium and cobalt.
 * Telescope Facilities: Four new astronomical telescope facilities for research.
 * Tourist Guides: Pilot scheme to upskill 10,000 guides at heritage sites.
 * Digital Knowledge Grid: Central repository to document cross-sectoral data.