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Budget 2026-27 is out—and this session breaks it down in a simple, exam-focused way (UPSC/KPSC + other state exams). Nikhil Sir (Economics Faculty, InsightsIAS) explains how to read the Budget, why Budget Speech matters, and how to spot keywords, themes, and likely exam areas—with a constructive critical lens. In this video you’ll learn: How to read the Budget “word by word” (not just summaries), key buzzwords (fiscal consolidation, stability, reforms), major focus areas like MSMEs, manufacturing, services, health/care economy, infrastructure & capex, AI + critical minerals, tourism/culture, banking reforms, FEMA review, and key budget charts like “Rupee Comes From / Rupee Goes To”. Official documents are available on the India Budget portal and also on the InsightsIAS website. Chapters / Timestamps 00:00 Introduction + why Budget matters for everyone (not just economists) 01:25 Why this Budget is “historic” + Sunday Budget context 02:11 Why the Budget Speech (62 pages) is crucial for exam questions 03:21 Early big claims + how to read them critically (fiscal deficit, poverty, health) 05:39 What documents to refer: Budget Speech + colourful Govt summary booklet 06:26 Opening context: Saint Raidas, Magha Purnima references 07:13 Core buzzwords: stability, fiscal discipline, sustained growth, inflation 08:02 Budget–Economic Survey linkage: “policy follows survey” approach 09:00 Theme frame: Viksit Bharat—balancing ambition with inclusion 10:09 Macro assumptions + growth numbers (BE/RE logic) 11:22 Key priorities: energy security, import dependence, capex, manufacturing 14:34 “Yuva Shakti” + Three Kartavyas explained 16:59 Structural reforms + finance sector resilience + AI thrust 21:43 “Reform Express” + pillars: people-centric development, trust governance, ease of living 24:16 Manufacturing push: 7 sectors + MSME champions + infra boost 26:15 Rare earth permanent magnets + corridor states (Odisha, Kerala, AP, TN) 29:44 MSME funds + UK Sinha Committee link (distressed fund/fund of funds) 35:35 Rural livelihoods: handloom/khadi/ODOP + Gram Swaraj initiative 36:13 REITs/InvITs + NBFID + proposed infrastructure risk guarantee fund 37:22 Services sector focus: health, care economy, medical tourism, Ayush, orange economy 41:02 Design + sports ecosystem + “new vocabulary” in policy 42:26 Education & skilling: university townships, girls hostels, tourism guides 44:52 Digital Knowledge Grid + trails (mountain/turtle/birdwatching) 46:54 Big Cat Summit + cultural/archaeological sites list for exams 48:42 Financial sector: banking reforms committee, municipal bonds, FEMA review 52:37 Agriculture productivity + horticulture, fisheries, waterways, Agri-AI (Bharat Vistar) 56:26 Infrastructure as “life & breath”: capex rise + waterways + coastal cargo 58:22 CCUS outlay + customs duty tweaks (critical minerals, Li-ion, solar glass) 01:01:01 High-speed rail corridors + urbanisation focus (tier-2/tier-3) 01:03:43 People-centric: Divyang schemes + NIMHANS 2 + trauma care centres 01:09:16 Foreign investment liberalisation in Indian stocks (limits raised) 01:10:09 Fiscal roadmap: debt-to-GDP target + deficit trends (key UPSC favourite) 01:11:39 “Rupee Comes From / Rupee Goes To” + allocations (top/bottom focus) 01:15:23 How to read Budget like an aspirant + closing message If you found this useful, like, share, and subscribe. Also watch our Economic Survey series—it pairs perfectly with Budget analysis. InsightsIAS — always with you. 📞 Contact: 080-69405205 | 📧 support@insightsias.com 🌐 Website: http://insightsonindia.com #unionbudget2026 #budget2026 #kpsc #upsc2026PSC #economy #fiscaldeficit #capex #msme #ai #viksitbharat #nirmalasitharaman #insightsias #unionbudget2026 #insightsias #upsc2026 #indianeconomy #viksitbharat #economyforupsc #gs300