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Budget 2026 Focuses on Youth, Stability, and Biopharma, Says FICCI Chief

FICCI President Anant Goenka has commended the Union Budget 2026-27 for its steadfast focus on long-term development and empowering the youth. He highlighted the budget's continuity and stability, which reinforces India's position as a reliable macroeconomic force globally. Key areas of focus include sustained infrastructure investment, strategic initiatives like the rare earth corridor, and targeted relief for sectors facing challenges. Goenka also expressed strong optimism about the budget's push into advanced biopharma and healthcare, seeing it as a critical strength for the nation's future.

Key Points: FICCI President Lauds Budget 2026 for Growth and Yuva Shakti

  • Empowers youth (Yuva Shakti)
  • Reinforces infrastructure & rare earth investment
  • Provides relief for textiles & leather
  • Boosts biopharma & health sectors
  • Ensures policy continuity & stability
2 min read

"Budget 2026 focused on growth and Yuva Shakti," says FICCI President

Anant Goenka praises Union Budget 2026's focus on youth, infrastructure, biopharma, and policy continuity, reinforcing India's global stability.

"this budget has been focused on growth, inclusivity and Yuva Shakti. - Anant Goenka"

New Delhi, February 1

Anant Goenka, the President of the Federation of Indian Chambers of Commerce and Industry, has lauded the Union Budget 2026-27 for its consistent approach toward long-term development.

In his assessment, the focus remains firmly on empowering the next generation, stating that "this budget has been focused on growth, inclusivity and Yuva Shakti."

Reflecting on the broader global landscape, Goenka pointed out that "in an era of unprecedented change and turmoil outside of the world, India has emerged as a stable macroeconomic force."

He further emphasised that the measures introduced by the Finance Minister have "only reinforced that view" of India as a reliable global player.

One of the key takeaways for the industry leader was the predictability of the government's policy direction. Goenka described the document as "a budget that reflects continuity and stability," noting that "the areas which the government has been speaking on over the years, continue to get that focus."

Among these persistent priorities, he specifically highlighted the "continued focus on reform" as a key indicator for businesses.

Goenka welcomed the fact that "focus on infra investment continues," which he sees as a backbone for industrial scaling. He was particularly vocal about the strategic importance of the newly announced rare earth corridor and the ongoing semiconductor mission.

For sectors that have faced global headwinds, such as textiles and leather, he observed that "some relief is provided there" through targeted adjustments, while also noting that "foreign investment has also got fair focus" in the new proposals.

The health and science sectors were another high point for the FICCI President. He expressed optimism regarding the government's push into advanced medicine and biotechnology. Goenka remarked that industry leaders "were very encouraged to see the focus on biopharma," explaining that this is a necessary "reflection of focus on health as chronic disease, cancer, other diseases come up."

He believes that "the focus on biopharma will have a very positive effect and place on the strengths of our country" in the coming years.

- ANI

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Reader Comments

R
Rohit P
Good to hear about textiles and leather getting some relief. These sectors employ millions in small towns. The rare earth corridor sounds ambitious, but execution is key. We've seen big announcements before with slow ground-level progress.
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Ananya R
Biopharma and advanced medicine! This is brilliant. With our strong base in generics, moving up the value chain is crucial. Investing in health tech can make India a global hub. More power to our scientists and researchers! đŸ‡®đŸ‡³
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David E
As someone working in the renewable energy sector, I was hoping for more concrete measures for green hydrogen and EV manufacturing. The infra focus is good, but the climate crisis needs urgent budgetary attention too.
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Karthik V
Continuity is fine, but we also need bold leaps. The MSME sector, the backbone of our economy, needs more than just mentions. Easier credit, simpler GST for small businesses—these would truly empower 'Yuva Shakti' to become entrepreneurs.
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Sarah B
Predictable policy is a huge plus for attracting foreign investment. If India can maintain this stable macroeconomic story while building infra, it's very promising for the long term. The global confidence seems to be growing.

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