top of page
Rice Crop

India, EU aim to have FTA ready ahead of leaders' meet on Jan 27: Commerce secretary.

LOGO EMPIRE EXIM.png.png

India is close to signing a long-coveted trade deal with the European Union this month, trade secretary Rajesh Agrawal said on Thursday, in what would be the South Asian nation's largest pact yet as it ‌chases new markets ‌amid US tariff pressure. Agrawal said the two sides were 'very close' to finalising the ‌agreement and were exploring whether it could be wrapped up before leaders from both sides meet in New Delhi this month.

Search

HIGHLIGHTS OF UNION BUDGET 2026-27Posted On: 01 FEB 2026 1:08PM by PIB Delhi

PART-A

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Union Budget 2026-27 in the parliament today. The highlights of the budget are as follows:

The first Budget prepared in Kartavya Bhawan, is inspired by 3 kartavyas:

  • First kartavya is to accelerate and sustain economic growth, by enhancing productivity and competitiveness, and building resilience to volatile global dynamics.

  • Second kartavya is to fulfil aspirations of  people and build their capacity, making them strong partners in India’s path to prosperity

  • Third kartavya, aligned with vision of Sabka Sath, Sabka Vikas, is to ensure that every family, community, region and sector has access to resources, amenities and opportunities for meaningful participation.

Budget Estimates

  • The non-debt receipts and the total expenditure are estimated as ₹36.5 lakh crore and ₹53.5 lakh crore respectively. The Centre’s net tax receipts are estimated at ₹28.7 lakh crore.

  • The gross market borrowings are estimated at ₹17.2 lakh crore and the net market borrowings from dated securities are estimated at ₹11.7 lakh crore.

    • The Revised Estimates of the non-debt receipts are ₹34 lakh crore of which the Centre’s net tax receipts are ₹26.7 lakh crore.

    • The Revised Estimate of the total expenditure is ₹49.6 lakh crore, of which the capital expenditure is about ₹11 lakh crore.

  • The fiscal deficit in BE 2026-27 is estimated to be 4.3 percent of GDP.

  • In RE 2025-26, the fiscal deficit has been estimated at par with BE of 2025-26 at 4.4 percent of GDP.

  • The debt-to-GDP ratio is estimated to be 55.6 percent of GDP in BE 2026-27, compared to 56.1 percent of GDP in RE 2025-26.

 
 
 

Comments

bottom of page