Showing questions for February 01, 2026
- Total: 20 questions
Question 1 Feb 01, 2026
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What was the percentage increase in capital expenditure allocation for FY 2026-27 compared to the previous year?
Nearly 9 percentThe Union Budget 2026-27 allocated a record ₹12.2 lakh crore for capital expenditure, marking a significant increase from approximately ₹11.2 lakh crore in the current fiscal year. This nearly 9 percent rise continues the government's multi-year strategy of shifting public spending composition away from consumption toward productive investment. The capital expenditure trajectory has shown remarkable growth since FY 2015 when it stood at just ₹2 lakh crore. This sustained focus on infrastructure investment forms a cornerstone of India's medium-term economic strategy aimed at building domestic capacity. The increased capex is directed primarily toward transport infrastructure, logistics efficiency, and spatially balanced growth initiatives across the country.
Question 2 Feb 01, 2026
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Which sector witnessed the sharpest percentage increase in capital expenditure within the defence budget for FY 2026-27?
24 percentThe defence budget for FY 2026-27 saw an overall allocation of ₹7,84,678 crore, representing a 15.19 percent increase over the previous year's budgetary estimates. However, the capital expenditure component within defence received a much sharper hike of 24 percent, reflecting the government's intensified focus on self-reliance and modernization of armed forces. This significant capital outlay comes in the context of Operation Sindoor and aims to sustain the pace of military modernization for operational readiness. The total defence allocation constitutes 14.67 percent of the Union Government's total expenditure, making it the highest among all ministries. The capital expenditure boost specifically targets indigenous manufacturing capabilities and technological advancement in defence systems.
Question 3 Feb 01, 2026
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What was the immediate market reaction to the Union Budget 2026-27 announcement regarding the Securities Transaction Tax (STT)?
Sensex fell by 1,546.84 pointsFollowing Finance Minister Nirmala Sitharaman's budget presentation that included an increase in Securities Transaction Tax on derivatives, Indian stock markets witnessed a sharp correction. The benchmark Sensex settled at 80,722.94, declining by 1,546.84 points or 1.88 percent, while the Nifty 50 index plunged 495.20 points or 1.96 percent to close at 24,825.45. Market analysts specifically attributed the unease to the STT hike on futures and options segments, with the futures segment facing a sharper increase. Trading exchanges had conducted a special Budget Day trading session on Sunday to accommodate the budget presentation. The market reaction reflected investor concerns about reduced trading volumes and profitability in the derivatives segment due to the enhanced transaction costs.
Question 4 Feb 01, 2026
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Which ambitious target has been set for India's services sector global market share by the year 2047?
10 percentThe Union Budget 2026-27 envisions India becoming a global leader in the services sector with a targeted 10 percent share of the global market by 2047. To achieve this ambitious goal, the government proposed establishing a high-powered standing committee on 'education-to-employment and enterprise' that will prioritize growth areas, employment generation, and exports within the services domain. This committee will also assess the impact of emerging technologies, particularly artificial intelligence, on future jobs and required skill sets. The strategy recognizes services as a critical engine for India's economic growth and employment creation in the coming decades. This long-term vision forms part of the government's broader approach of combining immediate fiscal prudence with futuristic planning spanning 5, 10, and 20-year horizons.
Question 5 Feb 01, 2026
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How many new high-speed rail corridors were announced in the Union Budget 2026-27 to connect major economic clusters?
SevenThe Union Budget 2026-27 announced seven new high-speed rail corridors designed to connect major economic and industrial clusters across India. These corridors include Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bengaluru, Chennai-Bengaluru, Delhi-Varanasi, and Varanasi-Siliguri routes. The development of these corridors is expected to unfold over the coming decade through phased execution and blended financing models involving both public and private capital. These infrastructure projects aim to significantly reduce travel times between major urban centers, ease congestion on existing rail networks, and integrate labor markets across different regions of the country. This announcement aligns with the government's continued emphasis on transport infrastructure as a priority within its overall capital expenditure envelope of ₹12.2 lakh crore.