Budget 2026 Expectations Live Updates: Income tax relief, customs changes, exports push in focus for FM Sitharaman’s ninth Budget

Finance Minister Nirmala Sitharaman's ninth budget is highly anticipated as expectations rise for substantial income tax relief. As taxpayers across the nation hope for increased disposable income, experts suggest potential tweaks in tax slabs and exemptions. The government's focus on enhancing consumer spending is seen as a critical move to invigorate the domestic economy amidst global uncertainties. In addition to tax reforms, significant changes in customs duties are expected to be unveiled. These modifications aim to boost local manufacturing by making imported goods less competitive, thus aligning with the government's vision for a self-reliant India. Industry leaders are keenly observing these developments, as any adjustments could have far-reaching implications on production costs and pricing strategies. Furthermore, a robust push for exports is on the agenda, with policies likely to support Indian businesses in accessing international markets. By fostering an export-friendly environment, the government aims to balance trade deficits and strengthen the rupee. As stakeholders await the full details, this budget could be pivotal in shaping India's economic trajectory for the coming years.

— Authored by Next24 Live