The Union Budget for 2026 has drawn accolades from top economists for its sharp focus on augmenting India’s national capacities. In a series of interviews, experts affirmed that the outlined targets for revenue, spending, and debt-to-GDP are realistic and attainable, reflecting sound fiscal strategy.
Larsen & Toubro’s Chief Economist, Dr. Sacchidanand Shukla, labeled it a ‘well-balanced presentation’ attuned to worldwide developments. This approach, he noted, will bolster the economy over the medium term. Key sectors like manufacturing, infrastructure development, data centers, and semiconductors receive prominent attention, driving capacity expansion.
Shukla emphasized that the budget will restore and enhance public faith in economic prospects. All fiscal projections appear grounded and achievable, providing a stable foundation.
R.K. Mishra from the Directorate General of Foreign Trade in Mumbai pointed to streamlined customs procedures as a game-changer for traders. The Rs 10,000 crore MSME fund will supercharge manufacturing activities nationwide. Textile announcements are poised to create jobs on a massive scale, fueling inclusive growth.
Jefferies India’s comprehensive report hailed the budget’s practicality, predicting steady growth rates in the medium term. It spotlighted increased capital outlays, especially in defense, and robust support for data centers and electronic components production. These initiatives underscore the government’s dedication to strengthening homegrown tech and manufacturing frameworks.
Overall, the budget paints an optimistic picture, aligning policy with ambition to propel India forward in a competitive world.