Union Budget of India
For UPSC Aspirants | Free Download | Data‑Rich & Analytical
What is the Union Budget?
The Union Budget—called the “Annual Financial Statement” in Article 112 of the Indian Constitution—is India’s yearly economic roadmap. It’s presented by the Finance Minister every year on 1st February and includes estimates of revenue and expenditure for the upcoming financial year.
Highlights of Budget 2025–26
- Theme: “Sabka Vikas” – Inclusive Development
- New tax regime raised the threshold to ₹12.75 L
- Fiscal deficit target: 4.4%, down from 4.8%
- Focused on MSMEs, rural growth, and middle-class consumption
- Moderate capital expenditure to maintain growth without overheating
Why It Matters for UPSC?
- Key source for GS-III: Economy section
- Provides facts and data points for Essays & Mains
- Important for interview questions on fiscal strategy & reforms