Along expected lines, the Union Budget has expanded defence spending and kept the fisc in control
There was a lot of hue and cry over the STT increase, but that would only be a part of the overall capital market implications
The change is aimed at simplifying the investment process for overseas based Indians and improving ease of access to India’s domestic capital markets.
There was not much in the budget for mutual funds, as most of the expectations did not really materialize
In a sense, the Union Budget 2026-27 has been aligned with the larger goal of Viksit Bharat
Markets saw a selective rebound as NIFTY rose 1.09%, led by banks, while volatility stayed high and IT lagged, keeping gains narrow and follow-through weak.
The Union Budget 2026 reinforced fiscal discipline and sustained India’s investment-led growth strategy, with a fiscal deficit target of 4.3% of GDP, capex rising to ₹12.2 lakh crore, and a focus on high-quality, sector-diversified infrastructure spending that included semiconductors, electronics, and pharmaceuticals alongside traditional roads and railways.
As India presented the Union Budget 2026, market participants approached the policy event with a measured mix of caution and focus, shaped by a decade of uneven equity market reactions to budget announcements.
According to the Finance Minister, the Bio Pharma Shakti initiative is designed to support research, manufacturing capacity, innovation, and scale across the bio pharma value chain.
There was not much for the people to cheer about on the direct tax front, but then a lot has already been done

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund & Specialized Investment Fund Distributor), PFRDA Reg. No. PoP 20092018

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.