Overall, the Budget aligns well with the long term vision of a Viksit Bharat
FinTech BizNews Service
Mumbai, 2 February 2026: Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Union Budget 2026-27 in the parliament on Sunday 1st February 2026. FM Sitharaman said that the Government led by Prime Minister Narendra Modi, has decisively and consistently chosen action over ambivalence, reform over rhetoric and people over populism.
Commenting on the Union Budget 2026–27, Mr Rishi Kumar Bagla, Chairman, CII Western Region 2025-26 and Chairman & Managing Director, BG Electricals and Electronics India Ltd mentioned "The Union Budget is clearly directional and forward‑looking, rooted in the philosophy of Sabka Saath, Sabka Vikas. The micro‑detailing across sectors reflects thoughtful policy intent, while the emphasis on AI and semiconductors signals readiness for the next phase of economic transformation. Overall, the Budget aligns well with the long‑term vision of a Viksit Bharat.”
Mr Vir S Advani, Deputy Chairman, CII Western Region 2025-26 and Chairman & Managing Director, Blue Star Ltd mentioned "The Union Budget clearly supports legacy sectors while channeling capital toward next‑generation industries, with a strong services-sector orientation. Public sector capex remains a positive anchor, and targeted incentives like tax holidays for data centers signal intent to build digital infrastructure. Taken together, these measures underscore a budget that is fundamentally pro‑employment, aimed at creating sustainable jobs across both traditional and emerging sectors."
