Quote On Union Budget by Harendra Kumar, MD, Elara Capital
Below Quote On Union Budget by Harendra Kumar, MD, Elara Capital
"The Budget builds on the series of free trade agreements signed by the government and focuses on creating an ecosystem that enhances productivity, production and value-chain integration, *with the aim of positioning India as a global export champion.*
As outlined in the Economic Survey, India’s potential growth rate has increased to around 7–7.5 per cent, a level that would have been difficult to sustain over the long term without structural reforms. With FTAs now in effect, the creation of a strong manufacturing ecosystem has become imperative, and the Budget seeks to catalyse this transition.
If the measures announced are implemented as intended, India could see an incremental increase in annual GDP growth from 2027–28 onwards. Overall, the Budget *signals a decisive shift towards a manufacturing- and export-led growth model.*
Key focus areas include *medical tourism, the export of skilled professionals to markets such as the UK and the EU, and investments in textile parks, semiconductors, data centres and nuclear energy*. While the impact will ultimately depend on execution, the Budget presents a clear direction and potential opportunities for long-term growth."
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