Industry leaders have welcomed the Union Budget as balanced and growth-oriented, praising the government for maintaining fiscal discipline while raising infrastructure spending to a record ₹12 lakh crore. Executives say the focus on logistics and long-term investment strengthens India’s growth momentum.
Reacting to the Budget, Keshav Bhajanka, Executive Director of Centuryply, described the announcements as “very balanced and well thought through,” noting that the government has focused on creating sustained investment momentum, a move he said is critical for India’s next growth phase.
Fiscal discipline maintained amid higher spending
“The Finance Minister has focused on creating long-term investment momentum for India, which is never an easy task, and has approached it in a very effective manner. The risk-adjusted target, which was set at 4.3%, has been maintained at the same level, and this is a very positive and reassuring step,” Bhajanka said.
“The spending on infrastructure is being taken to an all-time high at 12L crore, which will give the sector the necessary boost. The freight corridors, waterways, roadways will provide an impetus to the vision of Viksit Bharat,” he continued.
According to the industry stalwart, the sharp focus on infrastructure will directly energise allied industries.
Also Read | Will Budget 2026 lower your expenses? Here’s what gets cheaper and costlier
Logistics and connectivity at the core of growth strategy
Meanwhile, the emphasis on freight corridors and multimodal logistics is aimed at lowering supply chain costs and improving efficiency, a key requirement as India positions itself as a global manufacturing hub. Expanded investments in transport networks are also expected to improve regional connectivity and accelerate industrial growth in emerging economic clusters.
While challenges remain on the global front, industry leaders believe the Budget reflects a calibrated strategy to sustain domestic demand and crowd in private investment. With infrastructure at the core of its development agenda, the government appears to be betting on long-gestation capital expenditure to anchor India’s long-term growth story.
