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Below the Budget 2026 Reaction for the Defense & Manufacturing Sector, from Mr. Jaikaran Chandock, Director, Balu Forge Industries Ltd

“Budget 2026 lays down an ambitious roadmap for India’s manufacturing sector, anchored by a record ?12.2 trillion infrastructure capex and a clear strategy to expand manufacturing’s share of GDP. The enhanced focus on structural reforms, revitalising legacy industries and scaling advanced sectors signals a shift from incremental support to broad-based capacity building and competitiveness.

In addition, the allocation of ?5.95 lakh crore to the defence sector for defence research, land systems and equipment further strengthens the manufacturing outlook, particularly for precision engineering and high-value domestic production. 

Looking forward, the challenge now is in execution, translating intent into implementation that lowers input costs, accelerates skilling, and deepens technology adoption across supply chains. 

If realised effectively, this Budget could be a catalyst for manufacturing to not only generate sustainable employment but also elevate India’s position as a globally competitive manufacturing hub in the coming decade.”

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