Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

@article{196994,
        author = {Kapil Dongargaonkar and Dr. Nayanmoni Bhagawati},
        title = {Union Budget 2026 and Economic Development in India: A Comprehensive Policy and Impact Analysis},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {11},
        pages = {6684-6690},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=196994},
        abstract = {The Union Budget 2026 plays a major role in shaping the direction of India’s economic development by influencing government spending, taxation, employment generation, industrial growth, and public welfare. As India continues its journey toward becoming a developed economy, the budget acts as a strategic policy document that reflects the government’s priorities and long-term vision. The 2026 budget focuses on strengthening infrastructure, supporting agriculture, encouraging manufacturing, promoting digitalization, and improving social welfare programs. It also aims to create a balance between economic growth and fiscal discipline.
This research paper examines the key provisions of the Union Budget 2026 and analyzes their impact on different sectors of the Indian economy. The study highlights the budget’s influence on employment opportunities, inflation, public expenditure, taxation, private investment, rural development, and financial stability. Special attention is given to sectors such as agriculture, education, healthcare, transport, energy, and small-scale industries, as these areas are directly connected with inclusive economic development.
The paper also evaluates how the budget can contribute to increasing income levels, reducing poverty, and improving the standard of living of citizens. In addition, it discusses the challenges involved in implementing budgetary policies and the possible risks related to fiscal deficit, debt burden, and uneven regional growth. Overall, the study concludes that the Union Budget 2026 has the potential to accelerate India’s economic progress if its policies are implemented effectively and supported by strong governance, transparency, and institutional efficiency.},
        keywords = {Union Budget 2026, Indian economy, economic development, fiscal policy, public expenditure, taxation, infrastructure development, employment generation, agriculture sector, industrial growth, digitalization, social welfare, inflation, private investment, and financial stability.},
        month = {April},
        }