Balanced budget, boost for economic growth while improving on fiscal deficit
The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, prioritizes sustained reforms in manufacturing, mining, power, and skill development along with improving ease of doing business to advance the ‘Viksit Bharat’ vision. These sectors will be key drivers of growth, infrastructure development, governance improvements, and sustainable development for the country. We welcome the government’s move towards accelerating India’s manufacturing sector. Over the past decade, structural reforms have drawn global attention, and the announcement of a National Manufacturing Mission is a significant step in strengthening the Make in India initiative. This will drive clean-tech manufacturing, bolstering the ecosystem for solar cells, EV batteries, wind turbines, and more.
The ₹1.5 lakh crore allocation for 50-year interest-free loans is set to accelerate infrastructure development, unlocking new growth avenues for us.
These strategic measures position India as a rising global manufacturing hub, seamlessly aligning with its green energy and economic ambitions.
Further, the initiatives on tax rationalisation will give a boost to the consumption economy further driving economic growth.
We applaud these initiatives and eagerly anticipate the forthcoming policy on critical mineral recovery, which will play a pivotal role in driving sustainable industrial growth. – Mr. Vivek Bhatia, MD & CEO, TKIL Industries
