“Blind to real crisis!” Rahul Gandhi slams Budget 2026–27

He said the budget failed to address real issues, which include unemployment, slowing manufacturing growth, capital outflows, declining household savings, and agrarian distress.

In hsi X post, Gandhi said, "Youth without jobs. Falling manufacturing.Investors pulling out capital. Household savings plummeting. Farmers in distress.Looming global shocks - all ignored."

In his further remark, the Indian politician said: "A Budget that refuses course correction, blind to India’s real crises."

Former Uttar Pradesh Chief Minister and Samajwadi Party leader Akhilesh Yadav accused the budget of leading to the market crash.

"The results of the BJP's budget are in, and the stock market has crashed," he said.

He said the budget did not care for the common people of the nation.

India’s Union Budget for 2026–27 places a renewed emphasis on manufacturing, infrastructure and technology-led growth, as Finance Minister Nirmala Sitharaman seeks to sustain economic momentum amid global uncertainty and tighter financial conditions.

Presenting the Budget in Parliament, Sitharaman said the government’s priorities for Asia’s third-largest economy would focus on accelerating growth, enhancing competitiveness and strengthening resilience against volatile global dynamics.

The Budget outlines steps to deepen financial sector reforms, scale up capital expenditure and review regulatory frameworks to support sustained expansion.

The fiscal roadmap projects gradual consolidation. The debt-to-GDP ratio is estimated at 55.6 per cent in 2026–27, down from 56.1 per cent in the revised estimates for the current year, while the fiscal deficit is pegged at 4.3 per cent of GDP.

For 2026–27, the government has projected non-debt receipts at ₹36.5 lakh crore and total expenditure at ₹53.5 lakh crore. Net tax receipts are estimated at ₹28.7 lakh crore. Gross market borrowings are budgeted at ₹17.2 lakh crore, with net borrowings from dated securities placed at ₹11.7 lakh crore.

Capital expenditure in the revised estimates for 2025–26 stands at around ₹11 lakh crore, underscoring the continued thrust on asset creation and infrastructure development.