3 months ago
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India Inc connected Sunday (February 1, 2026) termed Union Budget 2026-27 arsenic a fund for the existent system that focuses connected enhancing India's competitiveness successful the world, portion underscoring the country's committedness to a structural reform-led economical roadmap.
Industry leaders welcomed steps announced by Finance Minister Nirmala Sitharaman, specified arsenic raising superior expenditure to ₹12.2 lakh crore for FY27, establishing a dedicated ₹10,000 crore SME maturation money and launching Biopharma Shakti with an outlay of ₹10,000 crore implicit 5 years, among respective different steps that would assistance the state towards self-reliance and inclusive growth.
Terming it arsenic "a fund for the existent economy", Kotak Mahindra Bank, Founder & Director Uday Kotak, successful a station connected X said, "Welcome summation successful defence spend. Broad fiscal subject continues. Works connected balancing betwixt financialisation of the economy, and focused improvement of diverse, heavy India successful the agelong term." Similarly, Vedanta Group Chairman Anil Agarwal said it is simply a growth-oriented Budget, with a wide absorption connected expanding nationalist superior expenditure and boosting manufacturing.
"It is simply a Budget which creates opportunities for younker to amended their livelihoods, women to go financially autarkic and for employment-intensive sectors similar aesculapian tourism to instrumentality off," helium added.
Mahindra Group CEO & MD Anish Shah said the Budget focuses connected enhancing India's competitiveness successful the world, takes meaningful steps towards Atma Nirbharata and enables a wider information successful the benefits of economical growth.
"We peculiarly invited the important summation successful superior expenditure to ₹12.2 lakh crore for FY27, which underscores an unambiguous argumentation absorption connected infrastructure, determination improvement and occupation instauration crossed the country," helium said.
This would play a pivotal relation successful crowding successful backstage investment, enhancing productivity and supporting the maturation of tier-2 and tier-3 cities arsenic emerging economical hubs, helium added.
Overall, helium said, "Budget 2026 signals continuity successful argumentation direction, a steadfast committedness to sustainable and inclusive growth, and efforts to unlock India's economical imaginable astatine scale. We judge these measures tin accelerate innovation, heighten value-added manufacturing and fortify India's lasting successful the world." Using cricket parlance, RPG Enterprises Chairman Harsh Goenka described it arsenic a 'Test-match Budget up of the T20 World Cup'.
"No flashy sixes, conscionable astute singles each astir to support the scoreboard ticking. Steady, disciplined, precise Ro-Ko successful temperament. #Budget2026," Mr. Goenka said successful a station connected X.
SIAM President and Tata Motors Passenger Vehicles Ltd MD & CEO Shailesh Chandra welcomed the determination to rise the superior expenditure people to ₹12.2 lakh crore for FY 2026-27 from ₹11.2 lakh crore successful the existent year, saying it volition supply a beardown impetus to request instauration and concern activity.
Biocon Ltd Executive Chairperson Kiran Mazumdar-Shaw, successful a station connected X, said, "By placing biopharma among the 7 strategical frontier sectors and launching Biopharma Shakti with an outlay of ₹10,000 crore implicit 5 years, the Union Budget makes a decisive concern successful India's wellness and innovation future."
Industry assemblage FICCI President Anant Goenka said the Budget strikes a balanced and credible note, "with a wide absorption connected growth, inclusivity and yuva-shakti" and ensures continuity and stableness done sustained reforms, a beardown nationalist capex push, easiness of doing concern and a decisive accent connected manufacturing, MSMEs, agriculture and services.
Similarly, different manufacture chamber, ASSOCHAM President Nirmal K. Minda said the Budget delivers a beardown propulsion to home manufacturing done targeted sectoral schemes spanning biopharma, electronics, textiles, semiconductors, chemicals, defence and infrastructure equipment.
"Measures specified arsenic Indian Semiconductor Mission 2.0, revival of bequest clusters, work rationalisation, trusted importer frameworks and export facilitation volition fortify worth chains, trim logistics frictions and accelerate India's modulation towards globally competitive, high-value manufacturing," helium noted.
Rajiv Memani, President, CII, said the Union Budget 2026–27 presents a beardown and credible roadmap for strengthening India's competitiveness done a balanced premix of fiscal discipline, structural reforms and targeted interventions to stimulate backstage investment.
The Budget reinforces assurance successful India's maturation communicative astatine a clip erstwhile planetary economical conditions stay uncertain, and concern decisions are progressively driven by argumentation clarity and semipermanent predictability.
Initiatives specified arsenic Biopharma SHAKTI, the adjacent signifier of the India Semiconductor Mission and the rejuvenation of concern clusters volition assistance fortify worth chains, amended productivity and enactment export-led growth, helium said.
The Budget besides sends affirmative signals to investors done its continued absorption connected regulatory simplification and easiness of doing business. The reappraisal of FEMA (Non-Debt Instruments) Rules, hold of customs beforehand rulings, and rationalisation of compliance frameworks volition heighten predictability and trim transaction costs for businesses, Mr. Memani added.
