According to the report, growth is being propelled by government initiatives such as National Medical Devices Policy (NMDP), Production-Linked Incentive (PLI) Scheme, Scheme for Promotion of Medical Devices Parks, and MedTech Mitra. The study assumes greater significance in the light of t
The Union Budget for FY27 "gives some hope to the infra space after two consecutive years of disappointment," signalling a potential rebound in government spending, noted a Nuvama Research report on the recently announced Budget 2026.
Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget in Parliament on Sunday, said the government has proposed targeted interventions in six areas to accelerate and sustain economic growth.
With the Union Budget for FY27 scheduled for Sunday, expectations are tamed even as markets remain alert to the possibility of selective positive surprises, according to a pre-Budget note by Union Bank of India (UBI).
Real GDP grew 8.2% in Q2 FY26, driven by balanced expansion in manufacturing and services, while inflation has fallen to a near-record low of 0.7%, giving policymakers room to prioritise growth without stoking price pressures.