India’s 2026 Union Budget promotes the energy storage sector by offering fiscal incentives for lithium-ion battery manufacturing. The extension of customs duty exemptions for related equipment aims to reduce production costs, improve viability, and attract investments. This policy supports renewable energy integration and positions India as a competitive hub in battery technology.

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The country’s standing among the world’s worst performing stock markets this year fuelled expectations of steps to revive earnings and lure back global funds

Capital expenditure remains a key pillar, with overall government capex projected to grow 11 per cent in FY27

The allocation for the Lok Sabha has been pegged at ₹1,009 crore, which includes grants-in-aid for Sansad TV.

Modi’s spending plan promised new outlays on infrastructure and an 18% hike in defense expenditure — a bulwark against the challenge posed by dual rivals China and Pakistan

Budget strikes a balance between reducing the debt-to-GDP ratio and maintaining a gradual pace of fiscal consolidation, the report observes

Fitch has a BBB- sovereign rating for India, while Moody’s rates it Baaa3. S&P upgraded India to BBB in 2025 for its first such upgrade in 18 years

The one-year ⁠OIS rate ended at 5.5550% on Friday, up 10 bps in January, while the two-year rate ended at 5.7050%, up 15 bps

The Union Budget 2026-27 has eliminated the basic customs duty on sodium antimonate, a key component in photovoltaic solar glass production, which will lower costs and enhance the competitiveness of Indian manufacturers. This strategic move supports domestic manufacturing, encourages investments, and aligns with India's renewable energy goals of achieving 500 GW capacity by 2030.

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The Union Budget 2026 prioritizes clean energy, particularly solar power, as central to India's growth strategy. Key allocations support both decentralised and utility-scale solar projects, alongside carbon management and manufacturing initiatives. The budget aims to enhance grid resilience, improve financing, and promote skills development, ensuring a robust and sustainable energy transition.

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Budget 2026 sets the context for the next phase of India’s technology journey, grounded in execution, inclusive in intent and aligned with long-term economic outcomes

Budget boosts spending on manufacturing and infrastructure projects, no big-bang announcements to spur economy

On a broader scale, the government’s vision of India as a global medical value hub demonstrates foresight

While the capital expenditure allocation has not increased sharply this year, it comes on the back of a multi-year expansion in public capex, which now stands at over ₹12.2 lakh crore for FY 2026–27

The Budget’s focus on rural resilience helps build a more dependable and sustainable demand base, rather than relying on short-term stimuli

Finance Minister Nirmala Sitharaman said 10 per cent of nominal GDP growth is realistic

This is a Budget that thinks about India’s future rather than short-term giveaways

The Union Budget 2026 has announced incremental measures to strengthen India’s rural economy.

Capex up 22% at ₹17.14 lakh cr; electronics parts manufacture allocation doubled to ₹40,000 cr; SME Growth Fund gets ₹10,000 cr; markets crash on higher STT on F&O