New Delhi is buzzing with positive reactions to the Union Budget 2026, where the government has strategically emphasized enhancing the nation’s core capabilities. Leading economists have praised the fiscal blueprint for its realism and achievability across key metrics like targeted revenues, expenditures, and the debt-to-GDP ratio.
Dr. Sacchidanand Shukla, Chief Economist at Larsen & Toubro, described the budget as ‘balanced and pragmatic.’ Speaking exclusively to media outlets, he highlighted how it accounts for global uncertainties, positioning India’s economy for sustained medium-term strength. The focus on manufacturing, infrastructure, data centers, and semiconductors stands out as a forward-thinking move to build domestic prowess.
‘Confidence in the economy will surge with this budget,’ Shukla added. He assured that the projected figures for revenue, spending, and fiscal health are well within reach, signaling prudent planning amid international headwinds.
From Mumbai, R.K. Mishra, Additional Director General of Foreign Trade, commended the simplification of customs processes. These reforms will empower businesses to accelerate economic growth seamlessly. A new Rs 10,000 crore fund for MSMEs promises a manufacturing boom, while textile sector initiatives are set to generate substantial employment opportunities.
Global brokerage Jefferies India echoed these sentiments in its latest report, calling the 2026-27 budget ‘balanced and practical.’ It particularly applauded the renewed push for capital expenditure in defense, alongside commitments to data centers and electronics manufacturing. These steps will fortify India’s technological and production ecosystems, ensuring long-term competitiveness.
As India navigates a complex global landscape, Budget 2026 emerges as a roadmap for resilience and growth, earning widespread acclaim from economic experts.