If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.
"The rice sector faces ecological stress (notably groundwater depletion in major paddy belts), high fiscal costs of procurement and storage, and market/compliance volatility. Union Budget 2026 can strengthen competitiveness while improving sustainability and farmer outcomes through target
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.