Federation of Indian Chambers of Commerce and Industry, FICCI President Anant Goenka, today said the Union Budget 2026-27 provides policy clarity, reform continuity and macroeconomic stability despite global economic challenges. Addressing a session on Union Budget 2026-27 organised by FICCI in New Delhi, he appreciated the government’s commitment to fiscal consolidation along with a strong push for public capital expenditure.
Mr Goenka welcomed the focus on manufacturing, MSMEs, infrastructure and technology-driven sectors, saying it will support growth, employment and enhance India’s global competitiveness. He also termed the proposal for a high-level committee on banking and initiatives to strengthen urban infrastructure as significant reform measures. He further stressed the need for effective Centre-State coordination, as several schemes place greater responsibility on states for implementation and financing, to ensure smooth execution and sustained outcomes.
Speaking at the FICCI interactive session, Secretary of the Department of Economic Affairs under the Ministry of Finance, Anuradha Thakur, said that India remains a macroeconomically strong economy despite global uncertainties, supported by sound fundamentals, credible fiscal management and a stable financial system. She highlighted the budget’s focus on manufacturing, infrastructure, MSME support and technology-led growth, and stressed that sustained industry-government partnership is essential to achieve the goal of Atmanirbhar Bharat.
Secretary of the Department of Revenue under the Ministry of Finance, Arvind Shrivastava, said the Union Budget’s tax proposals aim to make taxpayers more autonomous and compliant by simplifying procedures and reducing prolonged engagement with the tax department. Besides, Secretary ofthe Department of Expenditure, Ministry of Finance, V. Vualnam said enhanced capital expenditure and increased support to states for infrastructure investment will strengthen public-private partnerships and accelerate progress towards the vision of Viksit Bharat. Highlighting the need to expand pension coverage, Secretary of the Department of Financial Services under the Ministry of Finance, M. Nagaraju, emphasised the importance of ensuring long-term social security for working adults and mobilising capital for infrastructure development.
Must Read
- Advertisement -
