The upcoming Union Budget 2026 is expected to be a key trigger for the industrial sector, with higher government allocation likely to support a recovery in domestic ordering, particularly for infrastructure and capital goods companies, according to a report by HDFC Securities Institutional R
Elevated commodity prices, rising government and private sector spending on infrastructure, as well as investments under production-linked incentive (PLI) schemes, have resulted in strong growth.
Capital goods companies are expected to benefit from the transition to newer sources of energy and subsequent decarbonization of the economy, besides a pick up in exports and public/private spending.
Mumbai (Maharashtra) [India], Sep 10 (ANI): The government's thrust on infrastructure with higher budgetary allocation and economic recovery will lift the revenues of engineering and capital goods companies by 15 to 17 per cent this fiscal, more than making up for a 3 per cent contraction la