Union Budget 2026 Focuses on Inclusive Growth and Manufacturing Boost, Says Piyush Goyal
Union Minister Piyush Goyal has praised the Union Budget 2026, describing it as a reflection of an inclusive growth agenda that offers significant opportunities for various sectors of the economy. In his remarks, Goyal emphasized that the budget is designed to benefit youth, farmers, fishermen, and small businesses, ensuring broad-based development across the nation.
Strong Push for Manufacturing and Technology
Goyal highlighted that the budget provides a robust impetus to the manufacturing sector, with initiatives spanning technology advancements, electronic components, and export-oriented production. This strategic focus aims to enhance India's global competitiveness and create more job opportunities in high-growth industries.
Enhanced Support for MSMEs
A key feature of Budget 2026 is the focused support for Micro, Small, and Medium Enterprises (MSMEs). Goyal noted a separate allocation of Rs 10,000 crore dedicated to MSMEs, along with a new credit guarantee scheme to ease access to credit. These measures are expected to bolster the financial stability and growth potential of small businesses, which are crucial to the Indian economy.
Revival of Industrial Estates and New Sectoral Zones
The budget also outlines steps to revive long-standing industrial estates and establish new sectoral zones. This initiative aims to modernize existing industrial infrastructure and create specialized hubs for various sectors, fostering innovation and efficiency in production processes.
Infrastructure Development and Fiscal Discipline
Goyal added that Budget 2026 prioritizes infrastructure development, particularly in Tier 2 and Tier 3 cities, to ensure balanced regional growth. The budget includes plans for high-speed rail networks and inland waterways, which are expected to improve connectivity and logistics across the country. Despite these ambitious projects, the government is committed to maintaining fiscal discipline, with efforts to lower the fiscal deficit and ensure sustainable economic management.
Overall, Piyush Goyal's comments underscore the budget's comprehensive approach to driving economic growth while supporting vulnerable sectors and maintaining financial prudence.
