Bharat Forge Chairman Baba Kalyani Commends Union Budget 2026 for Strengthening Economic Resilience
Bharat Forge Chairman and Managing Director Baba Kalyani has praised the Union Budget 2026, stating that it effectively balances macroeconomic stability with sustained investment-led growth. In a recent statement, Kalyani highlighted the budget's role in reinforcing India's economic resilience during a period of heightened geopolitical and supply-chain uncertainty.
Policy Continuity and Fiscal Discipline Underpin Budget Vision
Kalyani emphasized that the Union Budget 2026 reflects the stable and visionary leadership of Prime Minister Modi, anchored in policy continuity and fiscal discipline. He congratulated the Finance Minister on her ninth successive budget, noting its careful articulation of a multi-pronged growth framework. This framework, along with the three kartavyas or duties, reinforces the government's commitment to building a competitive, inclusive, and future-ready economy.
The budget sends a strong signal of stability and confidence to investors, both global and domestic, through its strategic focus on key sectors. Kalyani pointed out that the government's emphasis on manufacturing is particularly noteworthy, as it aligns with long-term national capabilities.
Strategic Investments in Infrastructure and Defence Modernisation
According to Kalyani, the budget places special emphasis on modern infrastructure, high-speed rail corridors, healthcare, and cities as engines of growth. These investments are timely and strategic, aimed at enhancing India's global positioning. He also highlighted the progression of the semiconductor programme to ISM 2.0 through ecosystem development, which, alongside the announcement of rare-earth corridors across eastern and southern India, will significantly strengthen domestic supply chains.
In the defence sector, Kalyani noted that it emerges as a key pillar of this budget. With defence receiving the second-highest allocation and a substantial increase in the modernisation budget, the focus is on upgrading platforms, systems, and technologies while improving procurement efficiency. This move underscores the government's message to industry: deepen long-term capability, technology, and Atma Nirbharta or self-reliance.
Focus on Green Competitiveness and Demographic Dividend
Kalyani also praised the budget's focus on green competitiveness, with meaningful allocations for carbon capture and decarbonisation. This approach aligns sustainability with industrial performance, ensuring that India remains competitive in a global context. Additionally, he highlighted the emphasis on university-industry clusters and AI-led productivity, which will help India fully leverage its demographic dividend.
Overall, Kalyani concluded that the Union Budget 2026 provides industry with the confidence to invest, innovate, and partner in building a globally competitive Indian economy. By reinforcing manufacturing, defence modernisation, and long-term economic resilience, the budget sets a clear path for sustained growth amid global uncertainties.
