The city’s business captains described the 2026 Union budget as “fiscally sound and strategically aligned” with India’s long-term ambitions, despite gaps in critical areas. “The economy is facing global pressures and the kind of wars caused by an over-eager US President have not helped. 12 lakh crore infrastructure outlay would help stabilise sectors affected by external shocks and restore momentum. It clearly signals the government’s commitment to strengthening the backbone of India’s industry, employment and exports,” said Mamta Binani, president, MSME Development Forum – West Bengal. “This is a balanced and carefully thought-out Budget that builds capacity and positions India strongly for the decade ahead,” he said.

Source: The Telegraph February 01, 2026 15:48 UTC