Budget 2026: Fiscal Reforms, Tax Relief, and Growth Sectors in Focus

• Union Budget 2026 is highly anticipated, with stakeholders seeking clarity on fiscal roadmap amidst industry challenges.
• Finance Minister Nirmala Sitharaman will present her ninth consecutive Union Budget, a significant milestone.
• Expectations include people-friendly tax reforms, potentially a GST-style overhaul of customs duties for trade efficiency.
• Taxpayers are watching for further income tax reforms, building on the progressive slab system introduced in FY 2025–26.
• The Budget will be presented at 11 am on February 1, as confirmed by the Lok Sabha speaker.

Why It Matters: Budget 2026 aims to sustain economic momentum through fiscal reforms, tax relief, and sector-specific growth initiatives.