Budget 2026: Finance Minister Nirmala Sitharaman is going to present her ninth consecutive Union Budget on 1 February 2026. This time’s budget is special because the 75 year old budget tradition will be broken. Till now Part-B of the budget was considered limited to tax declarations only, but this time the picture is going to change completely.
India of the 21st century will be seen in Part-B
According to media reports and sources, India’s economic thinking and future direction will be given prominence in Part-B of Budget 2026. There will be mention of both local strengths and global ambitions. Besides, the short term and long term goals of the government will also be explained in clear words, which till now were mostly in Part-A.
Journey from bookkeeping to paperless budget
During her first budget in 2019, Nirmala Sitharaman had ended the tradition of books and accounts wrapped in red cloth. Instead, he presented the budget with a digital tablet and slim folder. Since then the budget continuously became paperless. Budget 2026 will also be the fifth consecutive paperless budget, which further strengthens the vision of Digital India.
Expectations of the middle class and taxpayers
Many major reforms were seen in the last budget (Budget 2025). In such a situation, this time the middle class, employed people and taxpayers are expected to get big relief. People’s eyes are fixed on the announcements of the Finance Minister regarding income tax slabs, tax exemptions and savings schemes. At the same time, farmers, poor and rural India also have special expectations from this budget.
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The world’s eyes are on India’s budget
As India is entering the second quarter of the 21st century, its budget is no longer limited to the country alone. The whole world is eyeing Budget 2026, because India’s economic policies now affect the global market as well. This time’s budget will not only be a document of figures, but will also show a glimpse of a developed India 2047.
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