“At a time of heightened geopolitical and supply chain uncertainty, these measures are sure to strengthen India’s economic resilience and global positioning, sending a strong signal to both global and Indian investors. Through this budget, the government’s commitment to manufacturing is reinforced; the special emphasis on modern infrastructure, high-speed rail corridors, healthcare and cities as engines of growth is timely and strategic,” the statement said.

“The progression of the semiconductor program towards ISM 2.0 through ecosystem development, together with the announcement of rare earth corridors in eastern and southern India, will significantly strengthen domestic supply chains. Equally important is the focus on green competitiveness, with significant allocations for carbon capture and decarbonization, aligning sustainability with industrial performance.” Kalyani said.

Kalyani added that the defense sector emerges as a key pillar of this Budget.

“With defense receiving the second highest allocation with an increase of around 25% in the modernization budget, the emphasis is firmly on upgrading platforms, systems and technologies, while improving procurement efficiency. The message to the industry is clear: deepen capability, technology and Atma Nirbharta or long-term self-reliance.”

“Finally, the focus on university-industry clusters and AI-driven productivity will help India fully harness its demographic dividend. Overall, the budget gives industry the confidence to invest, innovate and partner in building a globally competitive Indian economy,” the statement added.