Budget 2026: Tax Relief for Middle Class, FMCG Demand Boost Expected

• Finance Minister Nirmala Sitharaman to present her ninth consecutive budget on February 1.
• Middle class expects increased standard deduction (₹75,000 to ₹90,000) and exemptions for home loan interest/health insurance under new tax regime.
• FMCG sector seeks rural economy strengthening, GST simplification, and reduction of GST on essential items from 18% to 5%.
• MSME sector needs special funds and policy clarity to combat rising raw material and logistics costs.
• Budget 2026 aims to promote domestic manufacturing, secure supply chains, and maintain fiscal discipline amidst global uncertainties, aligning with 'Viksit Bharat 2047' goals.

Why It Matters: Budget 2026 focuses on middle-class tax relief, FMCG sector growth, and economic resilience amid global shifts.