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Budget 2026 Live Updates: Nirmala Sitharaman poses with red ‘bahi-khata’ tablet ahead of Budget 2026 speech

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Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Group lists what he thinks should be the top focus area:

Export sector–focused measures – With rising tariff and geopolitical risks, exports are critical for growth, FX stability, and employment; improving competitiveness, diversification, and logistics delivers economy-wide spillovers.

Infrastructure – Public capex has a high multiplier and crowds in private investment, lowers costs, and anchors medium-term growth amid global uncertainty.

PLI schemes for manufacturing – At this stage, PLIs should deepen supply chains and boost scale and exports rather than expand coverage, strengthening manufacturing competitiveness.

Jobs – Sustainable job creation follows from export growth, infrastructure build-out, and manufacturing scale, rather than from standalone employment schemes.

Fiscal management – Maintaining fiscal credibility keeps borrowing costs low and preserves policy space, especially in a volatile global environment.

Healthcare – With Ayushman Bharat and digital health systems in place, the focus should now be on delivery efficiency and outcomes, rather than large spending expansion.

Education – As NEP implementation progresses, priority should be execution, teacher quality, and industry-linked skilling, with growth benefits accruing over time.

Social security schemes – After building a wide DBT-based welfare framework, the emphasis should shift to better targeting and consolidation to avoid crowding out capex.



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