
Watch our special #Budget2026 episode tonight at 7.30pm on ET NOW. This wasn’t a headline Budget. It was a direction-setting one. Mr. Ronnie Screwvala called it out early “quick fixes & jugaad are out”. What stood out to him was the unmistakable long-term lens, thinking not just to 2030, but all the way to 2047. Arundhati Bhattacharya saw something equally important - a Budget trying to operationalise intent. From data centres to the orange economy, the signal to investors & global players was clear. But she also flagged what many in industry feel that intent is strong but execution now needs sharper clarity. We spoke about education finally linking to employability, MSMEs needing governance support as much as capital & why creativity, IP & high-value jobs matter more than ever in uncertain times. In the second segment, industry leaders were surgical in their assessment. Champion MSMEs and the Growth Fund were welcomed not as freebies, but as a move towards rewarding winners & partnering as equity. The GEM–TReDS linkage felt like a rare reform that could ease real cash-flow stress. But there was also candour. Compliance “mitras” raised fears of adding layers instead of removing friction. Semiconductors? Hmm..ambition far outweighs allocation! Across sectors, the message was consistent that direction is right, but delivery will decide everything.
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