Baba Kalyani, the Chairman and Managing Director of Bharat Forge, has praised the Union Budget 2026. He believes it strikes a good balance between economic stability and growth through investment. Kalyani applauded Prime Minister Modi for his consistent leadership, emphasizing the importance of policy continuity and fiscal discipline.
He noted that the budget demonstrates a commitment to creating a stronger economy that is competitive and inclusive. Kalyani highlighted how the budget addresses current global challenges, including geopolitical risks and supply chain issues. This, he argues, will enhance India’s economic resilience and attract both local and foreign investors.
A key focus of the budget is on manufacturing, with significant investments in infrastructure, high-speed rail systems, and healthcare. Kalyani believes these strategic initiatives will drive economic growth. He pointed to the semiconductor program, now in its second stage, as crucial for developing local supply chains. There’s also a strong push for green technologies, with funding aimed at carbon capture and sustainability efforts.
In terms of defense, Kalyani noted an impressive 25% budget increase for modernization. This investment will upgrade existing technologies and streamline procurement processes, furthering self-reliance in the sector.
Moreover, the focus on education and industry collaboration is seen as vital. By promoting AI and productivity in universities, India can leverage its young workforce effectively.
This ambitious budget aims to instill confidence in industries, encouraging them to invest and innovate. As Kalyani summarized, it’s a step toward building a globally competitive Indian economy.
For more insights on the budget and economic strategies, you can visit The Economic Times.
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Union Budget 2026, Baba Kalyani, Bharat Forge, Budget reaction industry, defence budget, manufacturing growth India, Atmanirbhar Bharat, India economic policy
