Overview
- Public capital expenditure is set at Rs 12.2 lakh crore for FY27 to extend infrastructure-led growth.
- The fiscal deficit target is pegged at about 4.3% of GDP as the government reiterates its consolidation path.
- Securities Transaction Tax rises to 0.05% on futures and 0.15% on options, and equities fell in initial trading.
- Strategic industry measures include India Semiconductor Mission 2.0 with a Rs 40,000 crore outlay and rare‑earth corridors in Odisha, Kerala, Andhra Pradesh and Tamil Nadu.
- Defence outlay increases with significant provisions for modernisation and pensions, and transport plans add seven proposed high‑speed rail corridors linking key city pairs.