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Budget 2026 Wins Praise from Industry for Focus on Jobs and Self-Reliance

Senior leaders from the Indian Chamber of Commerce have welcomed the Union Budget 2026, describing it as inclusive and strategically aligned with long-term national goals. They praised the budget's detailed focus on new sectors like semiconductors, the creative economy, and fisheries, which are significant for MSME growth and job creation. The continued push on infrastructure, with a raised capital expenditure outlay, was also highlighted as a key positive. The budget's vision for an Aatmanirbhar Bharat, aiming to build domestic capacity in seven identified industries to reduce import dependence, was particularly commended.

Key Points: Industry Leaders Hail Union Budget 2026 as Strategic and Inclusive

  • Focus on high-employment sectors like textiles & fisheries
  • Increased capital expenditure to ₹12 lakh crore
  • Push for self-reliance in 7 key industries
  • Strategic plan for long-term economic strength
2 min read

Aligned with long-term economic goals: Indian Chamber of Commerce on Budget 2026

Indian Chamber of Commerce leaders welcome Budget 2026, highlighting its focus on MSMEs, infrastructure, and building self-reliance in key sectors.

"It's a very detailed budget, which I haven't usually seen in previous years. - Parthiv Neotia"

New Delhi, February 1

Senior leaders of the Indian Chamber of Commerce have welcomed the Union Budget 2026, calling it inclusive, forward-looking, and strategically aligned with India's long-term economic goals.

Parthiv Neotia, Senior Vice President, ICC and Joint MD, AmbujaNeotia Group, while speaking with ANI, said, "This budget is very interesting. I think it's a very inclusive budget. A lot of new areas and many sectors have been focused on. It's a very detailed budget, which I haven't usually seen in previous years."

"They have focused on a lot of new sectors like the semiconductor industry, the creative economy, fisheries, textiles, and improving healthcare. I think a very good budget has been prepared. It will significantly impact the MSME segment because the sectors that have been focused on are high job-creating sectors, and these sectors have a significant dominance in the MSME sector. So, in my opinion, there should be a considerable benefit in employment and also in investment," he said.

Rajeev Singh, Director General, Indian Chamber of Commerce, said, "Many of our expectations have been met. One of our expectations was that the push on infrastructure would continue. Last year's capital expenditure allocation of eleven lakh crore rupees has now increased to twelve lakh crore rupees. So that demand of ours has been met."

Secondly, considering what is happening in the whole world right now, the issue of tariffs, the issue of uncertainty, the government has addressed this in the medium or long term with the vision of an Aatmanirbhar Bharat (self-reliant India), because there are many products that we currently import. You will see that the government has identified seven industries where we need to develop our own capacity so that we are not dependent on others during difficult times," Singh said.

"That was a demand or expectation we had this morning, and that has been met. This budget has been prepared with a complete strategic plan so that the problems we are currently facing in the short term are addressed, and in the long term, we become a strong nation," he added.

- ANI

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Reader Comments

S
Sarah B
As someone working in the textile sector, I'm very encouraged by the specific focus mentioned. MSMEs are the backbone of our economy and job creation. Hoping the benefits actually trickle down to the smaller units and aren't just for the big players.
R
Rohit P
All this sounds good on paper, but what about immediate inflation control? My monthly grocery bill is still sky-high. Long-term goals are important, but the common man needs relief today. The budget needs a stronger focus on controlling prices of essential commodities.
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Priya S
The push for the creative economy is fantastic! It's a sunrise sector with huge potential for young India. Combining traditional arts with modern tech can create a unique global footprint. Hope there are clear policies to support artists and creators on the ground.
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Vikram M
Infrastructure and self-reliance are the right pillars. Building our own capacity in key industries will make us resilient against global shocks. The 12 lakh crore capex is a bold move. Execution and preventing corruption in these projects will be the real test.
M
Michael C
Interesting to see the focus on fisheries. It's a sector that doesn't always get headlines but is vital for coastal communities and food security. A detailed, sector-specific approach is promising. Hope it includes sustainable practices.

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