We whole heartedly welcome the Union Budget for 2026-27 presented for the 9th consecutive year by the Hon’ble Finance Minister Smt. Nirmala Sitharaman on February 1,2026 laying a stronger foundation for a more connected, technologically empowered, and inclusive India aiming to realise the Prime Minister Modiji’s vision of Vikshit Bharat by 2047.
The continued thrust on capital expenditure raising it to 9 % (increase of public capex to 12.2 trillion for 2026-26 ) , railway network expansion, express highway connectivity, and construction-led growth will significantly strengthen India’s infrastructure backbone and create sustained demand for quality steel. Infrastructure development proposal in tier II ,III cities will also significantly accelerate growth steel, Cement and other building material sectors with heightened growth in employment opportunities arresting unemployment both in urban and semi urban areas.
Emphasis on Waterways development sector, announcement of seven more Dedicated Freight Corridors, development of eco-friendly sustainable passenger corridors, semiconductor corridors, announcement event of chemical parks , Rare earth Corridors ,Textile Parks besides long term structural reforms will add to accepted economic growth.
In an era of rapid digital transformation, the government’s focus on Artificial Intelligence–driven tools and skill-to-employment frameworks aligns with the evolving needs of modern manufacturing. The steel industry stands to benefit from smarter processes, enhanced productivity, and improved operational efficiency through technology adoption.”
Another significant aspect of the Budget is the continued support for women-led enterprises and empowerment initiatives that nurture entrepreneurship, reflecting India’s evolving socio-economic landscape and commitment to inclusive growth.
Overall, the Budget reinforces infrastructure momentum, sharpens technological focus, and promotes inclusive development—laying a strong foundation for India’s next phase of industrial and societal progress.
Like in the past , this budget is also a growth oriented, progressive, business-friendly and down-to-earth budget.
If you have any objection to this press release content, kindly contact editorup18news@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
