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Below Quote on Budget By Sujjain Talwar, Co-Founding Partner, Economic Laws Practice

“The 2026 Budget brings a few new faces to the fiscal stage - content creators, coconuts, caregivers - a sign that India’s growth conversation is becoming more inclusive, diverse and people centric. But beneath the softer social tones, the backbone remains infrastructure. Record public capex, risk guarantee mechanisms, and a sharper push toward manufacturing and logistics show that the Government’s long-term bet on connectivity and capital formation remains unchanged - even as the narrative broadens to those who animate the economy’s human side.”

“The Finance Minister’s proposal for a dedicated container manufacturing scheme is a strategically sound step towards building true self?reliance in India’s logistics value chain. Domestic capacity in this segment has historically lagged global peers, leaving exporters vulnerable to supply?chain and pricing volatility. A well designed incentive framework aligned with Make in India and PLI?type principles, and focused on scale, technology and quality can help catalyse a globally competitive container manufacturing ecosystem and materially strengthen India’s maritime and export infrastructure.”

“The proposal to set up an Infrastructure Risk Guarantee Fund is a timely and welcome intervention for the infrastructure sector. One of the biggest hurdles for the long gestation projects in India remains the level of perceived risk among lenders and investors. A credible, well-capitalised guarantee mechanism can help crowd in private capital, improve project bankability, and reduce the overall cost of funding. Its effectiveness will ultimately depend on the quality of governance, the risk?sharing architecture, and seamless integration with existing instruments but if implemented well, it has the potential to materially accelerate India’s infrastructure build?out.”

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