New Delhi, Jan. 28 -- The Union Budget, to be unveiled on 1 February, comes in the wake of a strong performance by the Indian economy in 2025, despite geopolitical tensions and the US tariff onslaught.

India's GDP growth was aided by sizeable monetary easing in the form of policy rate cuts and liquidity support, aiding the flow of credit and supporting consumption. The central government also chipped in on the fiscal front, with personal income tax relief and GST rate cuts across a large number of items.

A buoyant domestic economy, coupled with a strong government push for infrastructure development, and reasonably high-capacity utilisation in many sectors offered a favourable backdrop for Indian companies to undertake sustained capital...