Expert voices
By placing biopharma among the seven strategic frontier sectors and launching Biopharma Shakti with an outlay of Rs 10,000 crore over five years, the Union Budget makes a decisive investment in India’s health and innovation future.
Kiran Mazumdar-Shaw, Biocon Ltd Executive Chairperson
The Union Budget 2026-27 reflects a clear intent to balance fiscal consolidation with the need to sustain growth momentum. The reduced estimates for fiscal deficit reinforce assurance in India’s macro-economic stability and commitment to fiscal discipline. A declining debt-to-GDP ratio will gradually free up resources for priority sector expenditure. At the same time, an increase in capital expenditure will accelerate infrastructure development, improve road quality and enhance mobility ecosystems.
Hardeep Singh Brar, BMW Group India President and CEO
The Union Budget lays a strong foundation for sustained growth across India’s mobility and manufacturing ecosystem, with continued emphasis on infrastructure development, expansion of freight and logistics networks, and focused support for construction and equipment manufacturing, directly translating into higher vehicle utilisation on roads and worksites.
Arnab Banerjee, Ceat MD and CEO
“Budget’s strong focus on infrastructural development, with addition of Rs 1 lakh crore in capex, is a step in the right direction, developing the country’s evolving mobility ecosystem. Better highways and improved intercity connectivity have historically driven luxury car demand in India. The fiscal prudence, combined with a strong focus on exports, sends a strong signal of macroeconomic stability, which may lead to a less volatile currency.
Santosh Iyer, MD & CEO, Mercedes-Benz India
The Union Budget reinforces the importance of infrastructure-led growth as a key driver for real estate. The increase in capital expenditure to Rs 12.2 lakh crore provides long-term visibility for urban expansion, connectivity, and project execution, underpinning demand across both residential and commercial segments. These measures will strengthen the overall real estate ecosystem, improve execution confidence, and support sustained growth across key markets, aligning well with M3M’s focus on delivering world-class developments.”
Robin Mangla, President, M3M India
