Sudipta Roy, Managing Director & CEO, L&T Finance Ltd said, “Budget announcements for FY26 have managed to hit the right balance between the need for a consumption stimulus and structural support towards a sustainable growth path for the
economy.
Proposed income tax reliefs for the middle-class population should bring in plenty of cheer
and boost consumption. At the same time, CAPEX thrust has been maintained in the budget
with targeted support to critical sectors. The economy thus gets both consumption and CAPEX
push to strengthen growth momentum in the year.
Reforms in the identified key engines of development- Agriculture, Investment, MSMEs, and
Exports, will help accelerate transformation of these sectors as key growth drivers. Focus on
Agriculture and Urban transformation will significantly help in unleashing the potential of the
economy in the medium term. Announcements around ‘Grameen credit score framework’ and
commitment to revamp KYC norms are big positives for the lending business. Focus sectors
identified for MSME support are mostly labour-intensive sectors and besides driving
manufacturing push, it will also help augment employment generation, skill development,
credit availability etc.
Most importantly, the underlying intent of deregulation and trust is very positive for the private
sector. Overall, a well-balanced budget that sets the path for broad-based and sustainable
domestic growth despite global headwinds.”