Budget 2026, Jan. 20 -- As the Union Budget 2026 approaches, the familiar debate between capital expenditure and consumption has resurfaced. Finding the right portfolio mix ahead of the mega event is crucial for investors as it could influence the overall return.

Finance Minister Nirmala Sitharaman will unveil the government's fiscal roadmap for the next financial year on February 1 this year. According to Axis Securities, one of the key challenges for the Union Budget 2026 would be to balance capex-led growth with consumption support.

The centre has already set a high public-investment bar with FY26 capex budgeted at Rs.11.21 lakh crore. Estimates suggest capex could expand for next year, with Axis Securities pencilling the figure to b...