Budget 2026: Modinomics Drives India Towards Viksit Bharat with Record Capex

• Union Budget 2026-27, guided by Modinomics, aims for Viksit Bharat by 2047 through sustainable growth, human capacity building, and inclusive participation.
• Fiscal deficit projected to fall to 4.3% of GDP by FY 2026-27, with record public capital expenditure of Rs 12.2 lakh crore (4.4% of GDP) driving growth and employment.
• Unprecedented infrastructure push includes seven high-speed rail corridors, an east-west freight corridor, 20 new National Waterways, and City Economic Regions in Tier-II/III cities.
• Manufacturing renaissance targets seven strategic sectors, rejuvenates legacy industries, and champions MSMEs, supported by schemes like India Semiconductor Mission 2.0 and increased outlay for electronics manufacturing.
• Transformative support for agriculture, rural economy, health, biotechnology, and skilling initiatives, alongside tax reforms and tourism promotion, aim for inclusive growth and global leadership.

Why It Matters: Budget 2026-27 is a blueprint for Viksit Bharat, focusing on fiscal prudence, infrastructure, manufacturing, and human capital.