India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27 on Sunday, announcing major allocations across railways, defence, agriculture, MSMEs, healthcare and infrastructure, alongside key changes in income tax provisions.

Prime Minister Narendra Modi described the Budget as "historic", calling it a "highway of immense opportunities" that would accelerate India's Reform Express and strengthen the foundation for a Viksit Bharat by 2047.

While the transport sector, including the Indian Railway and roadways, had the biggest share earmarked in the Budget, the defence spending got a major boost in this year's Budget.

In the Union Budget 2026-27, transport sector saw the highest allocation at Rs.5,98,5...