Mumbai, February 2 – Union Commerce and Industry Minister Piyush Goyal hailed the 2026-27 Union Budget as a strategic masterstroke that positions India as a global bright spot. Speaking at a key meeting at the National Stock Exchange (NSE), Goyal emphasized how the budget meticulously balances investments in traditional and cutting-edge sectors while turbocharging the services industry through technology adoption.
Goyal underscored that this fiscal blueprint directly supports India’s ambitious vision of becoming a developed nation by 2047. Over the past 12 years under Prime Minister Narendra Modi’s leadership, the government has maintained strict fiscal discipline, laying a robust foundation for sustained long-term growth.
In a post on X, Goyal described the budget as a ‘blueprint’ to fortify India’s presence in global value chains. ‘It modernizes us with advanced technologies, benefiting our consumers and making businesses more competitive,’ he stated.
The minister highlighted the budget’s focus on dismantling business barriers, rewarding honest enterprises, simplifying compliance, and transforming India into a prime destination for investment and manufacturing. By ramping up capital expenditure and refining spending patterns, the government has prioritized long-term vision over short-term gains.
Key thrust areas include manufacturing and services expansion, ease of doing business reforms, and inclusive growth initiatives. Goyal asserted that these measures will propel India into the next phase of development, ensuring economic resilience amid global uncertainties.
Industry leaders at the NSE gathering echoed Goyal’s optimism, noting the budget’s potential to attract foreign direct investment and enhance export competitiveness. As India navigates a complex geopolitical landscape, this budget emerges as a beacon for self-reliant progress.