Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on February 1, 2026, her ninth consecutive budget — the longest uninterrupted tenure for a Finance Minister in independent India. The budget, themed around Viksit Bharat, was presented on a Sunday as BSE and NSE conducted regular trading sessions on Budget Day.

Key fiscal figures: Total budgeted expenditure stands at ₹53.47 lakh crore; Capital Expenditure is pegged at ₹12.22 lakh crore (an 11.5% increase over revised estimates of 2025-26); Effective capex including grants to states for capital assets reaches ₹17.15 lakh crore; Fiscal deficit is targeted at 4.3% of GDP for 2026-27, down from the revised 4.4% in 2025-26; Nominal GDP growth is projected at 10% for 2026-27.

Major sectoral announcements include: The Biopharma SHAKTI scheme with a ₹10,000 crore outlay over five years to scale biopharmaceutical manufacturing; three new AIIMS and three new All India Institutes of Ayurveda; five Regional Medical Hubs for medical value tourism; a ₹10,000 crore SME Growth Fund and ₹2,000 crore top-up to the Self-Reliant India Fund; Agriculture allocation of ₹1.63 lakh crore; Bharat-VISTAAR, an AI-powered multilingual agricultural advisory platform; Renewable energy sector allocation raised 30% to ₹32,914 crore; and Defence Ministry receives a record ₹7.85 lakh crore (14.67% of the Union Budget, a 15.19% increase over 2025-26). The Income Tax Act 2025 is to come into force from April 1, 2026, replacing the six-decade-old Income Tax Act, 1961. No changes were made to income tax slabs, maintaining zero tax for annual income up to ₹12 lakh under the new tax regime.

For Rajasthan, the budget's focus on industrial clusters, MSME growth capital, agriculture, and renewable energy — especially the 30% increase in renewable energy allocation — directly benefits the state's solar energy sector and MSME-heavy textile clusters in Bhilwara and Jodhpur.