“In a year marked by geopolitical volatility and shifting global trade dynamics, the 2026 Union Budget delivers strength exactly where India needs it. By deepening corporate bond markets, enhancing frameworks to attract long-term global capital, and initiating critical banking-sector reforms, it reinforces the financial and institutional foundations essential for sustained growth. Coupled with a declining debt-to-GDP ratio and a credible fiscal glide path, these measures impart India growth stability by protecting the downside.”
Dhanpat Nahata – Managing Partner, Essar Capital
“The Union Budget 2026 reinforces India’s steady, reform‑driven economic trajectory at a time of global fragmentation and supply‑chain realignment. By increasing public capital expenditure to ₹12.2 lakh crore and prioritising projects such as dedicated freight corridors, expanded waterways and logistics infrastructure, the Budget provides funded levers to accelerate execution across logistics and energy corridors. Taken together, it is a decisive push that aligns well with the sectors powering India’s next decade.”
Srinivasan Vaidyanathan, Operating Partner, Essar
“The Budget sends a clear signal that infrastructure and trade logistics remain central to India’s growth strategy. The government’s focus on expanding Dedicated Freight Corridors, operationalising new National Waterways, and promoting coastal cargo will strengthen the foundation of the maritime sector at a time when global supply chains are being redefined. Strengthening inland waterways connectivity from mineral-rich regions to key ports will reduce congestion, lower emissions, and unlock new economic opportunities. Equally important is the emphasis on skill development and ship repair infrastructure in Patna and Varanasi, which will create jobs and build long-term capabilities along the logistics value chain. These measures will be critical in doubling the share of inland waterways and coastal shipping by 2047.”
Ashish Rajgarhia, Executive Director, Essar Ports
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