New Delhi, Jan. 29 -- The upcoming Union Budget for FY26 is expected to focus on rural development, youth and women empowerment, fine-tuning the Employment Linked Incentive Scheme, and enhancing the skilling program according to a report by Yes Bank. Additionally, capital expenditure may shift focus to new sectors beyond railways and roadways, which are nearing capacity saturation.

The report also adds that the budget will maintain fiscal discipline while prioritizing growth-oriented reforms to lay the foundation for a "Viksit Bharat."

The government is set to target a Gross Fiscal Deficit (GFD) to GDP ratio of 4.5 per cent in FY26BE, down from an estimated 4.7 per cent in FY25E (against a budget estimate of 4.9 per cent).

Net and gros...