Brief by Shorts91 Newsdesk / 05:04am on 01 Feb 2026,Sunday India
Finance Minister Nirmala Sitharaman is set to present Budget 2026 with a stronger focus on long-term economic reforms rather than major tax relief. Government sources say Part B of the speech will highlight reform priorities, including manufacturing growth, export expansion, and global value chain integration. Customs duty simplification and a unified framework for export and manufacturing zones are also expected. India’s macro indicators remain stable, with solid GDP growth and easing inflation. However, fiscal discipline is likely to guide spending plans. Large personal income tax changes appear unlikely after last year’s overhaul, though small tweaks like higher standard deduction and compliance relief for small businesses may be considered. (PC: India Today)
