Budget 2026: Stakeholders Eye Manufacturing and Tax Reforms Ahead of Key Announcements
All eyes are on Finance Minister Nirmala Sitharaman as she prepares to present the Union Budget 2026 on 1 February. This marks her ninth consecutive Budget presentation, a record in recent history. It is also the second full-fledged Budget of Prime Minister Narendra Modi's government in its third term. Stakeholders across various industries are expressing keen interest. They specifically hope for significant policy changes and reforms in manufacturing and income tax sectors.
Key Dates for the Budget Session 2026
The Budget process follows a detailed schedule set by Parliament. Here are the crucial dates to remember:
- 28 January: The Budget Session commences at Parliament. President Droupadi Murmu will deliver a joint address to both the Lok Sabha and the Rajya Sabha.
- 29 January: According to the provisional calendar from the Lok Sabha Secretariat, the House will meet on this day as well.
- 31 January: Finance Minister Nirmala Sitharaman is expected to present the Economic Survey. This document provides a comprehensive overview of the economy's state. It is prepared by Chief Economic Adviser V Anantha Nageswaran and presented a day before the Budget.
- 1 February: Nirmala Sitharaman will present the Union Budget 2026 at 11 AM in the Lok Sabha. This is the main event stakeholders are awaiting.
- 13 February: The first half of the Budget Session concludes on this date.
- 9 March: The second half of the Budget Session begins.
- 2 April: The final day of the Budget Session. After this, both the Lok Sabha and Rajya Sabha will adjourn sine die.
High Expectations from Industries
Expectations are running high this year. Many industry leaders and experts are vocal about their hopes. They want the government to introduce reforms that boost manufacturing growth. Simplifying income tax structures is another major demand. This Budget is seen as crucial for setting the economic tone for the coming year.
People are watching closely because of Sitharaman's experience. Her consecutive presentations bring a sense of continuity. The Modi government's third term adds to the anticipation for bold policy moves.
Stay tuned for all the latest developments and updates as the Budget day approaches. The nation awaits decisions that could shape India's economic future.
