Union budget 2026: The Central Government is presenting the country’s General Budget 2026 in the Parliament today, Sunday, February 1, at 11 am. For the last few years, it has become a tradition to present the budget on 1st February and in the same sequence, last year’s Union Budget 2025 was also tabled in the Parliament on the same date. This time’s budget is also special because Finance Minister Nirmala Sitharaman is presenting it for the ninth consecutive time. With this, she will join the list of select finance ministers who have presented the budget without any gap for the longest time, which is considered to be a record in itself. In this sequence, it is also important to know how many budgets have been presented on which days from Monday to Saturday after independence.

How many budgets on which day since independence?

The Union Budget 2026 is being presented in Parliament today, Sunday, February 1, at 11 am. This is the second time after independence that the country’s general budget is being presented on Sunday. Before this, most of the budgets were presented in Parliament between Monday and Saturday. If we look at the figures, till now the budget has been presented maximum 21 times on Monday, whereas the budget has been presented 11 times on Tuesday, 18 on Wednesday, 10 on Thursday, 17 on Friday and 17 on Saturday. Presenting the budget on a Sunday is still considered a rare occurrence.

Presenting budget on weekend is not a new tradition

Although presenting the budget on Sunday is a topic of discussion, the trend of presenting the budget on the weekend has been seen earlier also. Finance Minister Nirmala Sitharaman presented Budget 2025 on Saturday. Before him, former Finance Minister Arun Jaitley had also presented the budget on 28 February in the years 2015 and 2016 and both times that day was Saturday. It is clear from this that the budget deadline and preparation are more important than the day for the government.

Nirmala Sitharaman’s ninth consecutive budget

Budget 2026 is the ninth consecutive budget of Finance Minister Nirmala Sitharaman. With this, she will join those select finance ministers who have presented the budget the maximum number of times without any gap. In 2019, after the NDA government came back to power under the leadership of Narendra Modi, she was made the country’s first full-time woman Finance Minister. After this, even after the Modi government returns to power for the third time in 2024, the responsibility of the Finance Ministry remains with him.

GDP estimate becomes the foundation of the budget

The preparation of Union Budget 2026 is based on recently released economic data. According to the first advance estimate released by the government on January 7, despite global economic challenges and circumstances like tariff war, India’s real GDP growth is estimated to be 7.4 percent in the financial year 2025-26. This growth rate is higher than 6.5 percent a year ago, which shows the strength of the Indian economy.

Government’s priorities and way forward

Keeping these GDP estimates and other economic indicators in mind, the outline of Budget 2026 has been prepared. It is believed that in this budget, the government will clearly put forward the strategy to strengthen domestic demand, increase investment, create employment opportunities and deal with global instability. Budget 2026 is expected to provide the government’s economic priorities, policy direction and complete development roadmap for the coming financial year.

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India, which is being known as an emerging economy today, is going to become a new example of economic power by 2047. In fact, India has today become the fifth largest economy in the world. This success was achieved because such economic decisions were taken in the country, which opened up the market, increased business and gave an opportunity to private investment. But in the coming years, we may see a big change in the country’s earnings, people’s income and standard of living. Let us know what the per capita income can be in India by 2047.

What could be the per capita income by 2047?

If the Indian economy grows at an average pace of 6 percent for the next two decades, the country’s per capita income could reach around $15,000 by the financial year 2047-48. If we look at it in Indian Rupees then this amount comes to around Rs 13 to 15 lakh annually. At present the per capita income is around Rs 2.5 lakh, which means it is expected to increase by about six times in the coming years.

There will be a big jump in GDP also

The report of rating agency Ernst & Young i.e. EY shows that India’s total GDP can increase to $ 26 trillion by 2047-48. Currently the country’s GDP is around 4.18 trillion dollars. This means that the size of the Indian economy can increase manifold in the next 21-22 years. This growth will place India more firmly in the ranks of the world’s largest economies.

Path to becoming the third largest economy

The EY report further states that India can become the world’s third largest economy after America and China by 2030. In such a situation, there is a possibility of leaving behind strong economies like Japan and Germany. India has already become the fifth largest economy in the world, which is a big achievement in itself.

Where is India getting its strength from?

There are many big reasons behind India’s economic strength, such as the country’s young population, rapidly growing digital economy, strong startup system, expansion in the manufacturing sector and increasing focus on green energy, etc. Apart from this, the policies of economic liberalization have promoted private investment and made India more competitive in the global market.

What will change in the lives of common people

When per capita income increases, it will have a direct impact on the lives of common people. With better income, expenditure on education, health, housing and facilities will increase. Also, new employment opportunities will be created and improvement in the standard of living may be seen.

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India Manufacturing PMI October 2025: India’s manufacturing sector activity strengthened in October on the back of reduction in Goods and Services Tax (GST) rates, increase in productivity and technology investment. This information came to light in a monthly survey report on Monday.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 59.2 in October from 57.7 in September. Due to which the situation in the area is indicating rapid improvement. In the language of Purchasing Managers Index (PMI), a number above 50 indicates expansion while a number below 50 indicates contraction.

HSBC economist Pranjul Bhandari

HSBC’s Chief India Economist Pranjul Bhandari said that India’s manufacturing PMI increased to 59.2 in October from 57.7 last month. Strong final demand boosted growth in production, new orders and job creation. On the price front, despite a modest and slow increase in the cost of raw materials, the inflation rate remained almost at a 12-year high in September. Giving further information, Bhandari said that the prices of raw materials softened in October, while the average selling prices increased. Because some manufacturers passed the burden of additional costs on to the end consumers.

Meanwhile, job creation continued for the 20th consecutive month in October. The rate of expansion remained moderate and remained roughly the same as in September. According to Bhandari, looking towards the future, the future business sentiment is strong due to positive expectations regarding GST reform and good demand. The HSBC India Manufacturing PMI has been prepared by S&P Global on the basis of responses to questionnaires sent to purchasing managers in a group of about 400 companies.

Manufacturers have intensified raw material purchasing in October. This will help in increasing production and also strengthen the reserves. Purchasing levels have increased at the fastest pace since May 2023, which shows that the manufacturer is fully confident about future demand.

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Indian economy growth: The Indian economy has seen a boom in the festive month of October. While the whole of India was celebrating Diwali, the Indian economy also flourished during this period. Investors invested about Rs 19 lakh crore in the Indian stock market. Due to which a rise of about 4.57 percent was recorded in the stock market.

Besides, the consumption of petrol in the country also increased during this period. Due to which the income of the Government of India increased. During this period, petrol consumption reached its highest level in five months. However, diesel consumption remained stable.

What does the data say?

According to information received from preliminary data of the oil industry, petrol consumption in the country reached its highest level in 5 months in the month of October. In the month of October, oil consumption increased by 7 percent compared to last year and reached 36.5 lakh tonnes.

Last year the sale of petrol was around 34 lakh tonnes. Which means, people traveled a lot in this festive season. Due to which the demand for petrol increased. However, the demand for diesel remained stable during this period. Nevertheless, a slight decline was recorded in its demand. Last year in the month of October it was 76.4 lakh tonnes, whereas this year it was 76 lakh tonnes.

There is a rise in demand for LPG

In the month of October, sales of cooking gas (LPG) increased by 5.4 percent to about 30 lakh tonnes. Experts believe that 25 lakh new connections have been given under the Pradhan Mantri Ujjwala Yojana. Due to which the demand for domestic gas has increased. The number of people joining the new connection has also increased. Due to which the demand for LPG is increasing.

There was a rise in fuel consumption in the first seven months of the current financial year starting from April 2025. During this period, petrol consumption increased by 6.8 percent to 2.48 crore tonnes. At the same time, a jump of 2.45 percent was recorded in the sales of diesel and it reached the figure of 5.33 crore tonnes. Whereas LPG consumption increased by 7.2 percent and stood at 1.97 crore tonnes. These figures clearly show that energy consumption is continuously increasing in the country.

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World Bank on India’s GDP: A relief news has come out for India between global economic challenges and the high tariffs of America. The World Bank has increased India’s economic growth estimate to 6.5 percent for FY 2026. Earlier this estimate was kept at 6.3 percent. The World Bank says that the pace of the Indian economy will remain strong due to the higher increase in domestic consumption, good performance of the agriculture sector, and improvement in rural wages.

Slight decrease in next year’s growth rate

However, the World Bank has warned that the impact of a 50 percent high tariff of 50 percent on Indian exports by the US will appear in the coming years. For this reason, the GDP growth estimate for FY 2026-27 has been reduced to 6.3 percent.

According to the World Bank’s South Asia Development Update report, South Asia’s total growth rate is expected to be reduced from 6.6 percent to 5.8 percent in 2026-27 in 2024-25. The report states that this decline is associated with regional uncertainty due to trade obstacles, technical changes, and the rapid emergence of Artificial Intelligence (AI).

Possible impact of tariff on India

The report said that India’s domestic conditions are currently better – especially agricultural production, rural increment, and GST reforms have strengthened economic activities. However, the report also added that about 75 percent of the goods exported to the US from India can have a negative impact on the growth rate in future.

Other major conclusions

• Despite a slight fall in the growth rate of South Asia, it will still be stronger than other emerging markets and EMDES.
• According to the report, inflation is likely to remain within the target scope of the Reserve Bank of India in the near future.

Overall, the latest assessment of the World Bank shows that India’s economy remains flexible on the strength of strong domestic demand, but American tariffs and global economic uncertainty may slow down its speed in the coming times.

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Indian economy: After the terrorist attack on April 22 in Pahalgam, Jammu and Kashmir, the country’s economy is expected to slow down amid increasing tension with Pakistan. Moody’s Ratings said on 6 May that India’s economy could proceed with a slow speed of 6.3 percent in 2025 as compared to the last year’s 6.7 percent.

IMF and World Bank estimated

Earlier, the International Monetary Fund (IMF) and the World Bank had estimated 6.2 and 6.3 percent growth rate for India’s economy respectively.

The profound effect of these things on the economy

Rating agency Moody’s said in the May update of its global macro outlook, “Uncertainty on global economic policies is likely to have a bad effect on consumer, business and financial activities.” It further said, “It can further affect the tariffs and the restriction of some things can affect the policy uncertainty and business stress, especially in the US and China,” it said. Are, which will also affect the G20. It is estimated that in 2026 the Indian economy will perform better at the rate of 6.5 percent. ”

On what basis Moody’s guessed?

This global rating agency said, in addition to business uncertainties, increasing stress may slow down growth. The agency further said, geopolitical stress is another potential negative risk for our basic forecasts. In recent times, tension between India and Pakistan and the Philippines in South Asia and in the South China Sea has increased. Apart from these, some issues between Russia and Ukraine are left unresolved, there is also tension in the middle East.

Moody’s Ratings said, “The cost of investors and businesses is likely to increase, as they will take into account new geopolitical conditions while taking decisions, increasing the scope of their business/supplying raw materials.” However, Moody’s is optimistic on the price front and has estimated the inflation rate 4 percent in 2025 and 4.3 percent in 2026.

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