India, Jan. 26 -- On 1 February, Finance Minister Nirmala Sitharaman will present the Union Budget 2026-her ninth straight budget presentation-amid expectation of an overhaul of customs duty on the lines of GST rationalisation.

The budget is also likely to outline the path of targeting of Debt-to-GDP ratio as India's fiscal management focus shifts from managing deficit to lowering of debt. For individuals, who last year received a big tax relief by way of higher income tax exception limits and GST rate cuts, are still hoping for higher standard deduction.

Here's a look at the key budget expectations:

Published by HT Digital Content Services with permission from Hindustan Times....