NewKerala.com

Industry Leaders Hail Union Budget 2026 as Growth with Inclusion Blueprint

Industry veterans have praised the Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, for its focus on the real economy. Sunil Bharti Mittal hailed it as a bold budget that combines growth with inclusion, emphasizing skilling and infrastructure. Uday Kotak welcomed the increased defence spending and continued fiscal discipline. Ashish Kumar Chauhan commended the reduction in fiscal deficit and the strong focus on infrastructural growth.

Key Points: Industry Veterans Praise Union Budget 2026 for Real Economy Focus

  • Focus on skilling and research
  • Boost for energy-efficient infrastructure
  • Fiscal discipline with reduced deficit
  • Reinforcement of the digital economy
2 min read

Budget for real economy that combines growth with inclusion: Industry veterans hail Union Budget 2026

Sunil Mittal, Uday Kotak, and Ashish Chauhan commend the budget's emphasis on infrastructure, skilling, and fiscal discipline for inclusive growth.

"a bold Budget that combines growth with inclusion - Sunil Bharti Mittal"

New Delhi, February 1

The industry veterans have hailed the Union Budget 2026 presented by the Union Finance Minister Nirmala Sitharaman calling it a budget for the real economy that combines growth with inclusion.

Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises welcoming the Union Budget called it a bold Budget that combines growth with inclusion. The strong emphasis on skilling, alongside sustained investments in science, innovation, and research are timely & will strengthen domestic capabilities, advancing import substitution in critical sectors.

"Bolstering infrastructure and logistics with a focus on energy-efficiency & impetus to data centre ecosystem will further reinforce confidence in our burgeoning digital economy. Bharti Enterprises remains highly committed to play its part in enabling technology-led growth, expanding financial inclusion, and accelerating future-ready education through Bharti Airtel Foundation to secure India's talent dividend," he said.

Further, Uday Kotak, Founder and former CEO of Kotak Mahindra Bank Ltd called it a budget for the real economy.

In a post on social media platform X, he said, "Welcome increase in defence spend. Broad fiscal discipline continues. Works on balancing between financialisation of the economy, and focused development of diverse, deep India long term."

Ashish Kumar Chauhan, MD & CEO, National Stock Exchange Of India said, "It is the first budget presented from Kartavya Bhavan and the ninth consecutive budget by Finance Minister Nirmala Sitharaman... The fiscal deficit has been reduced, with a stronger focus on infrastructural growth, which is commendable. The fiscal deficit has come down from 4.4% to 4.3% and is expected to decrease further in the coming years. The overall debt-to-equity ratio, which currently stands at 55%, is projected to fall to 54% and may even decline to 50% in the next few years."

- ANI

Share this article:

Reader Comments

R
Rohit P
Reducing fiscal deficit is good, but will the infrastructure spending actually reach the common man? We need better roads and electricity in tier-2 cities, not just announcements.
A
Ashwin V
The emphasis on data centres and digital economy is spot on. India is becoming a tech hub, and this will create so many jobs. Kudos to the FM for a forward-looking budget! 🚀
S
Sarah B
Interesting to see the focus on "financialisation of the economy" as Mr. Kotak mentioned. Hope this means easier access to formal credit for small businesses and farmers. Inclusion is key.
K
Karthik V
Defence spending increase is welcome given our security challenges. A strong nation needs a strong economy AND strong borders. Jai Hind.
N
Nisha Z
Industry veterans are happy, but what about the middle class? No mention of tax relief? Growth with inclusion should also mean putting more money in the hands of salaried people.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50