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Nirmala Sitharaman presented the Union Budget 2026 today, February 1, 2026, in the Lok Sabha, marking her ninth consecutive budget speech. This event focused on economic reforms, infrastructure, and fiscal discipline amid ongoing discussions on growth and employment. A critical review highlights both strengths and shortcomings based on announcements and initial reactions. The budget raises capital expenditure to ₹12.2 lakh crore for FY27, up from ₹11.2 lakh crore, supporting infrastructure like seven high-speed rail corridors (e.g., Mumbai-Pune, Pune-Hyderabad) and rare earth corridors in states including Andhra Pradesh. Fiscal deficit targets 4.3% of GDP, lower than 4.4%, promoting stability and potential credit rating upgrades, while measures boost manufacturing, MSMEs, employment via incentives, and self-reliance in sectors like semiconductors (₹40,000 crore outlay) and space. Sitharaman emphasized reforms over rhetoric, crediting the Modi government for 7% growth, poverty reduction, and reduced import dependencies.timesofindia.indiatimes+2 Opposition leaders criticized the budget for ignoring inflation, unemployment, and subsidies, with Priyanka Gandhi, Sachin Pilot, and Akhilesh Yadav arguing it fails common people and favors a small elite. Capex growth at 9% is seen as insufficient by analysts like CRISIL, potentially limiting job creation amid high agricultural employment (44%). Markets reacted sourly, reflecting concerns over moderated domestic demand and global uncertainties despite tax relief hints like a new Income Tax Act from April 1.insiderlive+4 The budget advances long-term goals like Aatmanirbhar Bharat but faces backlash for not addressing immediate livelihood issues, especially in rural and MSME sectors key to regions like Telangana and Andhra Pradesh. Its success depends on implementation amid geopolitical risks. ‪@SatyaTalks-Channel‬ #2026-27 budget #synopsis of 2026-27 budget #nirmala sitaraman loksabha indian Parliament pm modi bjp Congress mp opposion benches