Finance minister Nirmala Sitharaman will present the Union Budget for 2026–27 on 1 February, with expectations running high across sectors at a time when the global economy is grappling with tariff pressures and heightened geopolitical uncertainty that continue to disrupt cross-border trade. Despite the volatile global macroeconomic environment, the Indian economy remains resilient. Analysts expect Budget 2026 to steer clear of populist measures as the government pursues fiscal consolidation, instead prioritizing capital expenditure and investment in social infrastructure.