Economic Survey Unveiled
The Economic Survey 2026 has been released, revealing key projections and providing crucial insights into the nation's financial health. The survey forecasts
a robust GDP growth for fiscal year 2027, estimating a range between 6.8% and 7.2%. It also highlights the importance of agriculture for the 'Viksit Bharat' goal. Additionally, the survey suggests that inflation will likely remain stable in FY27 as supply-side conditions improve, potentially aided by cuts in the Goods and Services Tax (GST). Experts have also acknowledged the necessity to address climate risks, ensure farm sustainability, and meet housing needs. The Economic Survey's findings reflect the steady progress made amidst global economic challenges.
Budget 2026: Expert Views
Experts and industry leaders have voiced their expectations for Budget 2026, offering suggestions to the government. Some have urged the government to increase infrastructure spending, potentially up to Rs 3 lakh crore. Tax experts are advocating for higher deductions and relief within the 30% tax bracket, along with improved capital gains tax policies. There are also calls for greater tax clarity and a faster dispute resolution system to make business easier. A significant topic of discussion is the potential inclusion of joint tax filing options for married couples. Morgan Stanley has highlighted the necessity for key reforms across sectors like auto, telecom, railways, and defense, while KPMG is pushing for increased ease of doing business through clearer tax policies and efficient dispute resolution.
Tax Regime Changes
Budget 2026 is also speculated to bring significant changes to the existing tax regime. There are discussions about potentially phasing out the old tax regime, and experts are analyzing income tax expectations and current tax slabs. The new income tax rules are scheduled to take effect from April 1st. There is anticipation of potential additions to the new tax regime, such as home loan and health insurance deductions. Furthermore, the Economic Survey highlights the implementation of new tax provisions, effective from April 1st, to streamline existing regulations.
Market & Sectoral Outlook
The economic landscape and various sectors are expected to experience diverse impacts from the upcoming budget. Economic experts have recommended stocks for long-term investments, specifically influenced by the India-EU trade agreement. There's also speculation regarding the potential for making gold purchases easier and more affordable through the budget. Simultaneously, the real estate market is getting attention. A report indicates that housing sales in cities like Bengaluru, Hyderabad, and Chennai have jumped 15% in 2025. There are concerns surrounding the housing market, and the demand for luxury housing has reached a four-year high.
Financial Instruments Examined
Various investment avenues are under scrutiny as investors navigate financial planning. A comparison explores the potential growth of Rs 1 lakh investments across options like National Savings Certificates (NSC), Fixed Deposits (FD), and mutual funds. Gold and silver ETFs have surged to record highs, prompting discussions on market rebalancing strategies. Experts suggest that investors should be realistic about what to expect from the upcoming Union Budget 2026. The Economic Survey indicates that investors are turning to gold due to global risks, and prices are likely to rise.
Banking & Financial News
Several financial institutions and related initiatives are featured in the news. The Reserve Bank of India (RBI) launched the Integrated Ombudsman Scheme 2026, which is scheduled to go live from July 1st, aiming to improve grievance redressal. The PFRDA has established an expert panel to revise the NPS investment framework. The Yes Bank reported a substantial surge in net profit, with a 55.4% year-over-year increase. HDFC Bank also showed positive results, with a net profit rising 11.4% YoY to Rs 18,653.75 crore. The Rupee's value has decreased to a record low of 92 against the dollar in early trading. Also, a new salary account is in development for central staff, and this account integrates loans, insurance, and card benefits.
