Union Budget 2026: Powering India’s Green Energy Revolution
The Union Budget 2026- 27, which Finance Minister Nirmala Sitharaman tabled on February 1, 2026, has struck a judicious balance between economic growth and financial restraint, in line with the Viksit Bharat vision. Though it does not redesign the tax policy, it highlights that India is concerned with achieving sustainable growth by promoting renewable energy, developing essential infrastructure, and encouraging the use of clean technology. The budget prepares a rapid green energy economy expansion – strengthening efforts of India to move to cleaner power, strong grids and more in-country manufacturing in energy value chains. Renewables in the Middle of Growth. There is also a high policy push in boosting the expenditure on renewable energy on the budget, which indicates strong motivation to hasten the production of power that is climate-friendly. The budget allocation of the Ministry of New and Renewable Energy (MNRE) increases to approximately 32,915 crore in FY 2026-27, which ...