Union Budget 2025: A Precursor To Long-Term Policy Intent? Motilal Oswal's Analysis

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The FY26 budget has higher significance than an annual budget, as it will be the first full-year budget of NDA’s new term.(File Photo / Source:  Union Budget 2022/ FM X account)

Given the current backdrop of worried equity markets, weakening consumption impulse, and sluggish government capex, the FY26 Union Budget can potentially be more than a regular annual exercise.

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Motilal Oswal Report

The upcoming FY26 Union Budget holds potential in the currently downbeat equity sentiments, even though the budget's scope of influence has shrunk over the years – due to extra-budgetary policy overdrive by the ruling NDA government.

Given the current backdrop of worried equity markets, weakening consumption impulse, and sluggish government capex, the FY26 Union Budget can potentially be more than a regular annual exercise.

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