Shiv Sena MP Shrikant Shinde on Sunday hailed the Union Budget, saying it reflects the vision of Sabka Saath, Sabka Vikas and focuses on youth employment, women empowerment, infrastructure development and sports, while also reducing the fiscal deficit.
Madhya Pradesh Chief Minister Mohan Yadav on Sunday said that the Union Budget 2026 focuses on the poorer sections of society, the growing youth, farmers, and women, underlining the allocation of Rs 1.4 lakh crores for the state.
Union Development of North Eastern Region (DoNER) and Communications Minister Jyotiraditya Scindia on Sunday stated that the Union Budget 2026 focuses on the North Eastern states with the allocation of a budget of Rs. 8,500 crore to DoNER for growth and development works.
BJP National President Nitin Nabin on Sunday stated that the Union Budget 2026 is a testament to the commitment to achieve the goal of "Viksit Bharat 2047."
Deepak Joshi, Member of the Managing Committee, IMC, stated similar sentiments, saying that the budget is focused on macroeconomics and policy, and will support the 'Atmanirbhar Bharat' programme.
Prime Minister Narendra Modi on Sunday hailed the Union Budget 2026-27 as a "strong foundation" for India's journey towards Viksit Bharat 2047, saying it will infuse fresh energy into the nation's ongoing reforms.
Shah expressed his views soon after Finance Minister Nirmala Sitharaman presented her ninth Budget in the Parliament. While no changes were announced to the tax slabs, Sitharaman announced the implementation of the New Tax Act from April 1, 2026. This was the first time in the history of
In her initial remarks, Sitharaman said that since her government assumed office, India's economic trajectory was marked by fiscal discipline and sustained growth.
Presenting the Union Budget, Finance Minister Nirmala Sitharaman has pegged fiscal deficit at 4.3 per cent of the GDP for the year 2026-27, as against 4.4 per cent being targeted in 2025-26.
He also emphasised the importance of prioritising India's interests despite global uncertainties, citing the government's efforts to develop alternate markets and pursue Free Trade Agreements (FTAs)
With the Union Budget for FY27 scheduled for Sunday, expectations are tamed even as markets remain alert to the possibility of selective positive surprises, according to a pre-Budget note by Union Bank of India (UBI).
"We expect the Centre's fiscal deficit in FY26-27 to be pegged at 4.2% of GDP. We estimate that this would take debt-to-GDP down to 55% in FY26-27. For FY25-26, we expect the fiscal deficit target of 4.4% to be met, despite serious slippage concerns," noted the report.