The Union Budget 2025-26 stands as a pivotal fiscal roadmap, meticulously designed to accelerate India’s journey towards Viksit Bharat by 2047. The PHD Chamber of Commerce and Industry (PHDCCI) characterises this budget as a balanced blend of continuity and transformative reform, focusing on inclusive growth, infrastructure modernisation, and the empowerment of four key pillars: the poor, women, youth, and farmers.
Strategic Thrust on Infrastructure and Capex
A cornerstone of the Union Budget 2025-26 is the sustained emphasis on capital expenditure. By prioritising large-scale infrastructure projects—ranging from digital public infrastructure to multimodal logistics—the government aims to lower the cost of doing business in India. These measures are expected to create a multiplier effect on the economy, attracting private investment and fostering a competitive industrial landscape that is essential for a developed nation status.
Empowering MSMEs and Industrial Growth
PHDCCI’s analysis highlights the budget’s proactive stance toward the MSME sector. Enhanced credit guarantee schemes and simplified regulatory frameworks are set to provide the necessary tailwinds for small businesses to scale. Furthermore, the focus on “Green Growth” and renewable energy transitions reflects a forward-looking approach, ensuring that industrial expansion remains sustainable and aligned with global climate goals.
Fostering Innovation and Human Capital
Investment in skill development and the R&D ecosystem is a recurring theme in the report. By bridging the skill gap and incentivising innovation through tax benefits and technology funds, the budget seeks to position India as a global hub for high-tech manufacturing and services. This human-centric approach is vital for ensuring that the benefits of economic progress reach the grassroots level.
Conclusion: A Vision for Prosperity
In conclusion, the Union Budget 2025-26 is more than just a financial statement; it is a strategic document that reinforces the foundations of a resilient economy. Through disciplined fiscal management and targeted reforms, the budget provides the momentum required to navigate global headwinds while steadfastly advancing India’s journey towards Viksit Bharat. For the industry at large, it signals a period of stability, opportunity, and transformative growth.