Increased capital expenditure, provisions for industrial clusters, and focus on MSMEs in the FY27 budget are expected to strengthen economic activities and support steel demand, steel industry players said on Monday. Presenting the annual Budget for the next financial year on Sunday, Finance Minister Nirmala Sitharaman announced a series of measures covering infrastructure, renewables, logistics and the MSME sector. Sharing his views with PTI, Naveen Jindal, President of the Indian Steel Association, said that a 22.2 per cent effective increase in capital expenditure, focus on freight corridors and inland waterways, and the Rs 10,000-crore container manufacturing scheme are expected to strengthen infrastructure activity, improve trade logistics and support steel demand. Dilip Oommen, CEO of AMNS India, said the steps to strengthen project financing, revive industrial clusters and expand infrastructure in Tier-II and Tier-III cities will boost domestic manufacturing and enhance ...
The Indian tyre industry stands to gain from the government's steps to enhance spending on infrastructure announced in the Union Budget 2026-27, Automotive Tyre Manufacturers Association (ATMA) said on Monday. The tyre sector is closely linked to the performance of the transport and infrastructure ecosystem and the substantial increase in public capital expenditure to Rs 12.2 lakh crore is a significant positive for long-term demand growth, ATMA said in a statement. The higher capex allocation underscores the government's ongoing push to build future-ready infrastructure across the country, particularly roads, rail connectivity, urban mobility networks and logistics corridors , which are critical drivers of tyre demand across all vehicle segments, it added. "The tyre industry's growth is intrinsically linked to the pace of infrastructure expansion in the country. The government's focus on elevating public capex reinforces demand momentum for tyres across both passenger and commercia
Budget 2026 prioritises fiscal prudence and structural reforms, betting on manufacturing, technology and exports to build a Viksit Bharat by 2047
The government trails the private sector in the scale and value of new projects undertaken
One of the key characteristics of this Budget appears to be a focus on systems thinking. It is clear that the government wants to build infrastructure with integration across regions and sectors
For long-term investors, such investments enhance productivity across sectors like manufacturing, services, logistics, and urban development
From SME funding and services-led growth to tax tweaks and tourism, Nirmala Sitharaman's record ninth Budget signalled where public spending and policy are headed in FY27
Union Budget for 2026-27 places infrastructure at the heart of India's journey towards Viksit Bharat2047, Union Road Transport and Highways Minister Nitin Gadkari said on Sunday. Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27 in the Lok Sabha. "With a clear focus on connectivity, manufacturing depth, and regional balance, the Budget outlines a decisive push to build world-class, future-ready infrastructure," Gadkari said in a social media post on X. He said initiatives announced in the Budget reflect a clear vision: infrastructure not just as physical assets, but as an enabler of resilience, opportunity, and global competitiveness. The minister also said the Budget for 2026-27 outlines a decisive roadmap centred on farmers, youth, and MSMEs, strengthening the foundations of inclusive growth, innovation, and capital investment as India progresses towards.
FM Nirmala Sitharaman's Union Budget 2026 has proposed supporting Odisha, Kerala, Andhra and Tamil Nadu for dedicated rare-earth corridors for mining, research, and production of rare-earth magnets
The government is likely to aim for a fiscal deficit at 4.2 per cent of GDP for 2026-27, down from 4.4 per cent this fiscal year
EY India says Union Budget 2026 should focus on tax certainty, private investment and sector reforms to support growth amid global uncertainty
Revive PPPs, enable group taxation for infra SPVs, fund high-speed rail separately, and prioritise urban projects to reignite growth, argues infra expert
NFRA said that the development and document of audit strategy has to be commensurate with the risk profile of the auditee entity
The projects of the central and state governments fell more than those from the private sector amid the global spike in uncertainty
While most of the cities in India had been fairly well planned, rapid growth, especially post-1991, has outpaced existing infrastructure systems, policies, and regulations, said Shah
At the BS Infrastructure Summit, Sarbananda Sonowal said India aims to scale port capacity to 10,000 MMT by 2047, raise private participation to 85% and invest Rs 80 lakh crore
Cube Highways Trust has raised Rs 820 crore via non-convertible debentures issued across 3.5-year and 10-year tenors, with proceeds used for repayment of existing debt
Delhi CM Rekha Gupta seeks ₹1,500 crore from Centre under CRIF to improve 600 km of roads, ease congestion on 12 key corridors, and reduce dust pollution across the national capital
The business' order book as of March 31, 2025, stood at around ₹30,000 crore, featuring projects across segments like transport infrastructure, residential, commercial, and industrial real estate