Budget 2026: Industries Eye Growth, Tax Simplification, PLI Scheme Relaxation

• Finance Minister Nirmala Sitharaman to present her ninth consecutive Union Budget 2026-27 on Sunday, February 1, 2026.
• This marks a historic first for a budget presentation on a Sunday in independent India, surpassing previous Saturday presentations.
• Industry stakeholders anticipate policy support for growth, tax simplification, and measures to boost manufacturing.
• Farmers expect increased allocations for PM Kisan, crop insurance, and irrigation schemes.
• The auto sector specifically seeks relaxation in the 50% Domestic Value Addition condition of the PLI scheme to benefit smaller manufacturers.

Why It Matters: Budget 2026, presented historically on a Sunday, holds high expectations for economic growth and industry support.