US EditionIndustry bodies hail budget as progressive, growth-oriented
The 2026 Budget includes a ₹10,000 crore SME Growth Fund and infrastructure projects across key corridors to boost industrial growth and support MSMEs, officials said.
- On Sunday, Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27, which industry bodies hailed as growth-oriented and aimed at accelerating economic momentum and strengthening infrastructure and human capital.
- The Budget prioritises champion MSMEs and infrastructure stimulus while containing the fiscal deficit at 4.4% for 2025-26 and proposing 4.3% for 2026-27.
- A ₹40,000 crore India Semiconductor Mission 2.0 supports industry-led research, alongside a ₹10,000 crore SME Growth Fund and ₹2,000 crore top-up, with capital expenditure around ₹10 lakh crore–₹11 lakh crore.
- Healthcare and education see increased allocations alongside farmer-friendly measures including credit-linked subsidies and livestock support to raise small farmers' incomes.
- KCCI warned about missing local project commitments such as Kalasa–Banduri Nala and urged dedicated research funding for state universities, recommending new institutes in North Karnataka and hope for one university in Karnataka.
14 Articles
14 Articles
Industry bodies in Northeast hail Union Budget 2026–27 as balanced, growth-oriented
Industry groups in North East India praise the Union Budget 2026-27. They highlight its focus on growth, fiscal prudence, and infrastructure development. The budget promises significant investment in connectivity, tourism, and MSMEs for the region. Initiatives for manufacturing, skilling, and healthcare are also noted. This budget aims to boost economic progress and inclusivity across North East India.
Union Budget 2026- Confident Budget in Times of Global Turbulence
By CA Verendra Kalra Union Finance Minister Nirmala Sitharaman presented her record ninth Union Budget 2026 on 1 February 2026, in an articulate 83-minute address that outlined a visionary path for accelerating economic growth, social inclusivity, and resilience amid global uncertainties. Anchored on three core “kartavyas”—accelerating growth through productivity and competitiveness, fulfilling people’s aspirations via capacity-building, and ens…
Union Budget 2026–27 Reinforces Infrastructure-Led Growth; CMA Sees Strong Tailwinds for Cement Sector
The Cement Manufacturers’ Association (CMA) has welcomed the Union Budget 2026–27, noting that it strongly reinforces India’s infrastructure-led growth agenda while balancing inclusivity and long-term national aspirations under the Hon’ble Prime Minister Shri Narendra Modi ji’s vision of Viksit Bharat by 2047 and Atmanirbharta. The Budget reflects India’s stable economic trajectory over the past 12 years, underpinned by fiscal discipline, sustai…
Budget to make India a global hub for innovation, advanced manufacturing: SBI Chairman
New Delhi, Feb 2 : The Budget for 2026-27 is a significant step toward making India a global hub for innovation and advanced manufacturing with global competitiveness as the lynchpin, says Challa Sreenivasulu Setty, Chairman, State Bank of India. The Budget maintains policy continuity, tax predictability while attempting a fine balance between rural and urban, legacy and sunrise sectors. “This year’s Budget has both predictable and futuristic el…
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