Practice Area
Published On
February 3, 2026
Description
We bring to you the Union Budget edition of the nota bene.
The Hon’ble Finance Minister tabled the Union Budget for the year 2026-27 on 1st February 2026. The Union Budget 2026-27 reflects a plausible promise—an India that is steadily preparing to engage with the world on stronger footing. By moving beyond conventional growth levers and focusing on regulatory ease, tax rationalization, foreign investment, MSMEs, and emerging sectors, the Budget proposals signal preparedness over headline-driven intent. It strikes a pragmatic balance between ambition and execution, positioning India as more open, confident, and globally aligned.
Key macro highlights that stood out:
Development of Dedicated Freight Corridors, National Waterways, and High-Speed Rail growth connectors
Creation of City Economic Regions (CERs) to convert urban clusters into economic engines
Biopharma SHAKTI, ISM 2.0, Rare Earth Corridors, and Chemical Parks to deepen manufacturing capacity
₹10,000 crore SME Growth Fund to create Champion MSMEs
Focus on energy security, critical minerals, and clean technologies
New Income Tax framework and ease of doing business reforms
Strong thrust on skilling, services economy, and regional inclusion
Thus, this Budget reflects a calibrated blend of ambition and pragmatism - expanding India’s growth narrative beyond conventional sectors while steadily refining the legal and regulatory architecture to attract global capital.
In this edition of the nota bene, we have discussed the policy measures announced in this Budget and its impact thereof.
Hope you find this edition insightful.
