Suresh Sonthalia, a leader with the Confederation of All India Traders (CAIT), recently praised the Union Budget 2026. He believes it’s a game-changer for India’s future, setting the stage for a developed nation by 2047.
Sonthalia noted that the budget strikes a nice balance between visionary ideas and practical policies. It aims to empower the economy and promote growth. He specifically mentioned how some budget plans align with Prime Minister Modi’s Swadeshi initiative, which encourages Indian exports and opens new global markets.
He pointed out the recent trade agreement with the EU. For instance, Tata Steel’s unit in Jamshedpur can export green steel without tariffs, a big win for local businesses.
Bharat Vasani from CAIT regarded the budget as a testament to Modi’s strong leadership. He believes it shows India can thrive even amid global economic uncertainty. The budget’s clear direction and inclusive spirit can strengthen the nation’s economic foundations.
Kishor Golchha of CAIT added that the budget sends an encouraging message to traders, entrepreneurs, and particularly small businesses (MSMEs). The emphasis on empowering everyone, from big corporations to local traders, sets this budget apart.
Saurabh Sharma, another CAIT member, highlighted key provisions supporting MSMEs. These include easier access to credit, simplified regulations, and technological upgrades that can elevate small industries to new heights.
Experts agree: MSMEs are vital for India’s economy. Leaders Mahesh Sonthalia and Pawan Sharma stated that the proposed changes could significantly enhance job creation and global competitiveness.
Dilip Golchha and Piyush Chaudhary stressed that continuous focus on infrastructure and digital growth will benefit trade across the board. The budget’s attention to logistics and manufacturing could streamline operations for many businesses.
Overall, Satyanarayan Agrawal and Shantanu Ghosh summarize the budget as a positive move towards a self-reliant and competitive India, laying out a clear path to achieve the vision of Viksit Bharat by 2047.
In recent years, public sentiment regarding economic policies has shifted. According to a recent survey by the Ministry of Finance, over 70% of citizens believe in the government’s focus on small businesses and infrastructure as key to economic recovery. Social media is alive with discussions about how these initiatives can reshape the market landscape, with many expressing hope that they will translate into more job opportunities and business growth.
This budget indeed reflects a turning point, positioning India for robust growth in a changing world. For more insights on economic developments, check out reports from the Reserve Bank of India and Ministry of Finance.
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CAIT,Economic growth,Entrepreneurship,Green Steel,India-EU Trade Agreement,Jamshedpur,MSMEs,Suresh Sonthalia,Swadeshi,Tata Steel,Traders Federation,Union Budget 2026-27,Viksit Bharat 2047
