The industry has reacted with notable optimism, particularly regarding the scale of public spending. Amisha Vora, Chairperson & Managing Director of PL Capital - Prabhudas Lilladher, highlighted that the 24 Per cent rise in government capex is "huge" and noted the strategic importance
The Union Budget 2026-27 has drawn positive reactions from industrial sectors for its focus on manufacturing priorities, export competitiveness, and the transition toward cleaner technologies. Industry experts have noted that the fiscal roadmap reinforces India's position as a reliable gl
"I propose setting up a 'High Level Committee on Banking for Viksit Bharat'", to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection," she said, in her 90-minute-long Budget speech.
One of the most impactful announcements for the sector is the reduction in Tax Collected at Source (TCS) on overseas tour packages to a flat 2%. By easing the upfront financial burden on travellers, this policy is set to enhance affordability, encourage outbound travel, and stimulate dema
Shah expressed his views soon after Finance Minister Nirmala Sitharaman presented her ninth Budget in the Parliament. While no changes were announced to the tax slabs, Sitharaman announced the implementation of the New Tax Act from April 1, 2026. This was the first time in the history of
Industry leaders across real estate, finance, manufacturing and capital markets have largely welcomed the Union Budget 2026, calling it growth-oriented, people-centric and supportive of long-term economic resilience, with a strong thrust on infrastructure, urban development and MSMEs
One of the key takeaways for the industry leader was the sense of predictability in 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
Sanjay Mehta, Deputy Director General of IMC, stated that the budget covers both traditional and frontier technology areas, helping India leverage these technologies and realise their benefits.
In her initial remarks, Sitharaman said that since her government assumed office, India's economic trajectory was marked by fiscal discipline and sustained growth.