New Delhi | RBN News
Industry body Confederation of Indian Industry (CII) has welcomed the Union Budget 2026–27, describing it as a constructive and industry-aligned fiscal roadmap. CII President Rajiv Memani said the Budget addresses several long-standing expectations of businesses across sectors.
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According to Memani, the overall industry response to the Budget has been positive, particularly due to provisions that cater to the needs of micro, small and medium enterprises (MSMEs). He noted that the MSME segment, which plays a critical role in employment generation and industrial output, has received focused attention.
The CII President also highlighted the government’s emphasis on the services sector, stating that targeted support for services will help sustain economic momentum and broaden growth drivers beyond manufacturing alone.
Welcoming the government’s intent to simplify the taxation framework, Memani said industry concerns related to tax compliance and simplification appear to have been acknowledged. He added that a clearer and more streamlined tax structure would improve ease of doing business and enhance investor confidence.
Another key positive highlighted by CII was the increase in capital expenditure, which Memani said has gone up by approximately 10–12 per cent in the current Budget. He noted that higher public capex is expected to support infrastructure development, crowd in private investment, and create long-term economic capacity.
Industry experts believe that the Budget’s focus on capex-led growth, MSME support, and tax reforms reflects policy continuity and could contribute to sustained economic expansion in the coming years.
