PM Modi hails Union Budget 2026, says it ‘reflects the aspirations of 140 crore Indians’; Rs 11 lakh cr m-cap wiped out
The Union Budget 2026–27 presented today in Parliament unveiled several infrastructure initiatives, including seven high-speed rail corridors across the country to boost connectivity. It also announced several tax reforms and customs duty exemptions for several drugs, including cancer medicines.
Statesman News Service | Mumbai | February 1, 2026 8:00 am
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Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) presented the Union Budget 2026–27 in the Lok Sabha. The Budget lays out the roadmap for a Viksit Bharat and highlights the achievements of the Narendra Modi government over the last decade. This was the Modi government’s 13th full Budget, and Nirmala Sitharaman’s ninth consecutive. It followed the tabling of the Economic Survey earlier this week, which outlined the broader economic outlook.
The Budget presented today unveiled several infrastructure initiatives, including seven high-speed rail corridors across the country to boost connectivity. It also announced several tax reforms and customs duty exemptions for several drugs, including cancer medicines. The Budget also made a push for setting up data centres in the country with a tax holiday for foreign companies until 2047.
Prime Minister Narendra Modi, in his reaction, called the Budget ambitious and the one that lays down the roadmap for a Viksit Bharat by 2047. He said the Budget reflects the aspirations of 140 crore Indians.
Follow this live blog for updates from Parliament, including key announcements, Budget highlights, documents tabled and political reactions.
he session was part of a massive state-wide push that stretched across 23,498 villages and brought over 32 lakh Self-Help Group members to the mat. Back in Kolkata, Prime Minister Modi was walking the Red Road, correcting postures.
Over 58 crore Jan Dhan accounts have brought millions of Indians into the formal banking system, ensuring that benefits under welfare schemes, low-cost insurance, and pensions reach beneficiaries without leakages, Union Finance Minister Nirmala Sitharaman said.
Asserting that the challenges are "more externally driven", the Finance Minister emphasised that India's domestic economic situation remains "positive and resilient."