Expert Opinions

Inspired by the Three Kartavya or responsibilities, Union Finance Minister Nirmala Sitharaman presented her 9th Union Budget amidst growing geopolitical uncertainty and India being a growth oasis, as pointed out in the Economic Survey released just days ago. Commenting on the Union Budget, Kalantri said this year’s Union Budget is significant as it steers the economy steadily amidst turbulent geopolitical times. The focus of the budget to support domestic resilience by incentivising domestic manufacturing in advanced and frontier technology, biopharma industry, container manufacturing and construction materials strengthens our resolve on Atmanirbharta.

Dr Vijay Kalantri, Chairman, World Trade Center Mumbai and President, All India Association of Industries. Mumbai

As CMD of Indian Railway Finance Corporation (IRFC), I am greatly encouraged by the Union Budget 2026-27, presented as a Yuva Shakti-driven blueprint for Viksit Bharat. This forward-looking budget masterfully balances economic growth with inclusion through its three Kartavya pillars: accelerating sustainable development, fulfilling people’s aspirations, and ensuring Sabka Saath Sabka Vikas. Several announcements resonate strongly with IRFC’s mission.

Manoj Kumar Dubey, Chairman & Managing Director, Indian Railway Finance Corporation

“The Budget charts a strong roadmap to Vision 2047, positioning tourism, mobility, and human capital as engines of long-term growth. By recognising tourism as a catalyst for jobs, foreign exchange, and regional development, the Government is building a more competitive and resilient travel ecosystem. The emphasis on capacity building is encouraging, with measures towards infrastructure development, skill enhancement, and institutional support that will help strengthen service quality, destination readiness, and ease of doing business. Initiatives like the National Institute of Hospitality will have an enduring impact.

Zubin Karkaria, CEO of VFS Global