Union Budget 2026–27: A Fiscal Consolidation Framework with Targeted Growth Priorities
Introduction The Union Budget 2026–27 marks a significant crossroads in India’s fiscal trajectory, balancing macroeconomic austerity with targeted investments in growth, infrastructure, and social development. The budget displays a cautious but strategic approach in light of post-pandemic budgetary recalibration, domestic structural reforms, and weak global growth. According to the budget, it prioritises capital investment, manages…