The Budget size rises from ₹1.65 lakh crore in 2025-26 to ₹1.72 lakh crore this year. Capital expenditure has been pegged at ₹26,500 crore, reaffirming the state’s emphasis on asset creation and long-term economic capacity.
The fiscal deficit has been projected at ₹13,595.96 crore, amounting to 2.18 per cent of the estimated Gross State Domestic Product, comfortably within the 3 per cent ceiling prescribed under the Fiscal Responsibility and Budget Management framework.
Highlighting a strong macroeconomic stability with a growth rate of around 7 pc, she said, “The Modi government has decisively chosen action over ambivalence, delivering reforms that have improved lives and reduced poverty.”
Tandon said the budget reflects Prime Minister Narendra Modi’s vision of accelerating economic growth, empowering citizens, and ensuring Sabka Sath, Sabka Vikas. He noted that the clear focus on productivity, competitiveness, and resilience against global uncertainties demonstrates the government’s firm commitment to long-term national interest.
The Chief Minister said for the first time in the country’s history, the Union Budget has been presented on a Sunday.
Talking about the recalibration of the Securities Transaction Tax (STT) mentioned in the budget, BSE's MD and CEO Sundararaman Ramamurthy said that it is designed to discourage speculation and encourage investor focus on long-term equity participation.
The approval limit at the departmental minister level will be increased from ₹10 crore to ₹50 crore. Projects costing ₹50–150 crore will be approved by the Finance Minister, and those above ₹150 crore will require the Chief Minister’s approval.
While giving a detailed presentation on the Economic Survey, CEA said the Real GDP growth has improved steadily, rising from an average of 6.4 per cent during FY12-FY20 to 6.5 per cent in FY25, and is projected to accelerate further to 7.4 per cent in FY26.
SBI Research projects nominal GDP growth of around 10.5–11 per cent for FY27, factoring in the potential spillover of higher global commodity prices into wholesale inflation.
In its “Prelude to Union Budget 2026–27”, SBI Research projects India’s fiscal deficit at around 4.2 per cent of GDP in FY27, supported by nominal GDP growth of 10.5–11 per cent, despite potential inflationary pressures from global commodities.
