Fresh off its presentation, the 2026-27 Union Budget is being celebrated by economists for its emphasis on elevating India’s capabilities. Achievable targets in revenue collection, expenditure control, and debt-to-GDP management form the bedrock of this optimistic outlook.
Dr. Sacchidanand Shukla, L&T’s top economist, called it a ‘balanced fiscal package’ responsive to international dynamics. By prioritizing manufacturing, infrastructure, data centers, and semiconductors, it lays the groundwork for medium-term economic robustness.
Public trust in the economy stands to gain significantly, with fiscal numbers that are practical and within grasp, Shukla observed.
R.K. Mishra, a senior foreign trade official in Mumbai, welcomed the easing of customs protocols, enabling traders to drive growth more effectively. The Rs 10,000 crore MSME initiative will ignite manufacturing momentum, complemented by textile policies designed to spawn widespread job creation.
In its report, Jefferies India praised the budget’s pragmatism, forecasting stable growth trajectories. It lauded heightened capital spending—particularly in defense—and unwavering support for data infrastructure and electronics production schemes. These will enhance technological self-reliance and manufacturing might.
Budget 2026 thus emerges as a beacon of strategic foresight, poised to unlock India’s full economic potential amid global challenges.