By Harsh Goenka
With the Union Budget FY26, finance minister Nirmala Sitharaman has created an Avengers Assemble moment – a call to make the nation future-ready. With a clear focus on four engines of growth and targeted reforms in critical sectors like taxation, it’s like crafting a Mission: Impossible strategy to tackle both immediate and long-term goals.
In the wake of an ever-changing global landscape, this year’s proposals needed to strike a thoughtful balance—one that ensures relief to the people while charting a steady course for economic growth. At the heart of the Budget lies an unwavering focus on economic inclusion, empowering women and weaker sections, and stimulating consumption—factors that will ultimately benefit the Indian economy in ways that will echo for years to come.
Relief to the middle class
The Gully Boy mic drop event of this Budget is the substantial tax relief extended to the middle class. This Rs 1 lakh-crore move is not just symbolic—it is practical and impactful. By providing much-needed disposable income to the consumer, this will spur domestic consumption, fostering a robust cycle of demand that fuels both businesses and industries alike. Add to that the indirect tax cuts that will hopefully make essentials cheaper.
A triple-edged approach
The Budget goes beyond mere economic relief. It is built upon a foundation of three guiding principles: inclusion, investment, and innovation. Inclusion is reflected in the various schemes aimed at providing support to the marginalised, ensuring that no section of society is left behind as the nation strives towards progress.
Investment is a clear focus, as the government continues to emphasise infrastructure development and ease of doing business, making India a more attractive destination for both domestic and foreign investors. Innovation, the third pillar, comes through in the initiatives that encourage technological advancement, with a forward-thinking approach to artificial intelligence, new-age industries, and sustainable practices.
The reforms in nuclear energy, maritime trade, and MSME support are bold and fast-moving, perfectly positioned to tackle the future head-on.
The focus on skilling the workforce through the National Centres of Excellence is like giving our youth the Superman cape – empowering them with the skills to soar in the world of technology and innovation.
Simplifying business
The push for ease of doing business and the trust-first approach, the launch of export missions, the booster for tourism and hospitality will collectively unlock the gates for both FDI and domestic investment to flow in.
While Financial Stability and Development Council, will evaluate impact of the current financial regulations, a high-level committee will review non-financial sector regulations, permissions and licences.
By making it easier to do business in India—through initiatives like simplified taxation and support for startups—the government has set the stage for a thriving entrepreneurial ecosystem. For businesses, both big and small, this is a moment to seize opportunities, expand horizons, and invest in the future.
A steady hand on the economic wheel
As we look towards the future, this budget signals a clear emphasis on the basics – middle-class relief, inclusive growth, and fostering innovation.
With the policies proposed, the government has not only ensured that immediate concerns are addressed but has also laid the groundwork for long-term growth. It is a Budget that respects both tradition and progress, ensuring that the country’s economic fabric remains strong and inclusive for all.
Pushpas for the middle class, Skyforce for the economy, and turning the regulatory framework Inside Out make this Budget a blockbuster script for India’s continued growth story.
The author is chairman, RPG Enterprises
Disclaimer: Views expressed are personal and do not reflect the official position or policy of FinancialExpress.com. Reproducing this content without permission is prohibited.