Budget reflects a maturing economy

The Budget reflects a clear focus on strengthening India’s long-term prospects by leaning on nation-building sectors such as infrastructure, manufacturing, and technology while maintaining fiscal responsibility.

- SANJEEV KRISHAN

The interventions attempt to convert Bharat's demographic weight and entrepreneurial energy into durable, broad-based prosperity.

The Economic Survey's assessment was clear—India’s growth engine is firing on multiple engines—consumption is resilient, investment is firming, and manufacturing traction is improving. This Budget also comes against the backdrop of multiple trade deals signed by India, including those with the EU, the EFTA, New Zealand, and the UK—even as we are on the verge of a potential deal with the USA.

The typical expectation is a short-term boost with a medium-term view. However, this Budget has clearly prioritised a Viksit Bharat—fiscal prudence and structural strengthening over short term incentivisation. Three thematics emerge from the Budget: enabling exports through alignment and rationalisation, focusing on industries of the future and those that drive job creation, and aligning training needs and upskilling with industry requirements.