Home Minister Amit Shah lauded the Union Budget 2026-27, describing it as a representation of India’s emergence as an “emerging economic power center.” He commended Prime Minister Narendra Modi’s economic strategies for driving India’s economic growth. Finance Minister Nirmala Sitharaman, under PM Modi’s leadership, presented her ninth consecutive budget, focusing on boosting India’s global position.
The budget aims to strengthen India’s global appeal as an investment hub across various sectors. Sitharaman’s budget emphasizes three duties to enhance economic growth, competitiveness, and ensure equitable resource distribution. Notably, a significant emphasis is placed on infrastructure development to drive economic progress and regional balance, particularly in Tier-2 and Tier-3 urban areas.
Furthermore, the budget proposes measures to fortify India’s banking system and improve the ease of doing business. It includes a notable increase in the Securities Transaction Tax (STT) on futures and options, impacting derivative traders with higher transaction costs. The STT on futures has surged by 150%, while for options, it has risen by 50%. Despite these changes, there are no alterations to income tax slabs.
