Sitharaman Unveils 9th Budget: Key Announcements for Growth and Welfare
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Moneycontrol•01-02-2026, 15:13
Sitharaman Unveils 9th Budget: Key Announcements for Growth and Welfare
- •Finance Minister Nirmala Sitharaman presented her 9th Union Budget, projecting India's GDP growth at 6.8-7.2% for FY27 amidst global instability.
- •Key proposals include halving personal import tariffs to 10%, a tax holiday for foreign cloud service providers till 2047, and a 6-month foreign asset disclosure scheme.
- •Significant allocations were made for infrastructure (7 high-speed rail corridors), manufacturing (India Semiconductor Mission 2.0, mega textile parks), and MSME growth (Rs 10,000 crore fund).
- •Welfare initiatives include expanding the Lakhpati Didi program with SHE Marts, exempting customs duty on 17 cancer drugs, and creating 1 lakh Allied Health Professionals.
- •Fiscal deficit is projected at 4.3% of GDP for FY27, with public capital expenditure increasing to Rs 12.2 lakh crore.
Why It Matters: Sitharaman's 9th Budget focuses on economic growth, infrastructure, manufacturing, and social welfare with strategic tax and spending policies.
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