Amitabh Kant: Budget 2026 Fiscally Prudent, Private Sector Must Drive Growth
Infrastructure
M
Moneycontrol•01-02-2026, 19:49
Amitabh Kant: Budget 2026 Fiscally Prudent, Private Sector Must Drive Growth
- •Former NITI Aayog CEO Amitabh Kant praises Union Budget 2026-27 as fiscally prudent, focusing on manufacturing and infrastructure for growth and job creation.
- •Kant emphasizes fiscal responsibility amidst global turmoil, noting the reduction in fiscal deficit to 4.3% and debt-to-GDP ratio to 55.6%.
- •The budget's focus on textiles, footwear, leather, and marine sectors is expected to boost urbanization and job creation.
- •Government increases public capital expenditure to Rs 12.2 lakh crore and establishes an Infrastructure Risk Guarantee Fund to support private developers.
- •Kant stresses that India's long-term growth to become Viksit Bharat by 2047 must be driven by the private sector, not just public spending, and calls for increased FDI and consumption.
Why It Matters: Amitabh Kant advocates for private sector-led growth and increased FDI to achieve Viksit Bharat by 2047.
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