Amitabh Kant posted a message on X.com appreciating Finance Minister Nirmala Sitharaman on her commitment to fiscal discipline in Budget 2026-27.
Kant in a post on the microblogging site X said Sitharaman has impressively reduced the fiscal deficit to 4.3% of GDP, a significant drop from the peak of 9.2% in FY21.
"Kudos to @nsitharaman for successfully upholding her commitment to fiscal discipline!
"This achievement has not only strengthened confidence in our economy and created a more favourable environment for credit to flow to the private sector," he added.
Kant said this fiscal consolidation has been paired with an increase in capital expenditure, with effective capex now at 4.4 per cent of GDP.
"This strategic move is helping to unlock supply-side constraints and drive economic growth," he said, adding that looking ahead, the high-level committee on banking reforms must focus on lowering the cost of capital for private enterprises.
"The Rs 10,000 crore allocation for domestic container manufacturing directly addresses a critical supply chain vulnerability, while digital customs, AI-enabled inspections and modern warehousing will materially reduce dwell time and improve cargo predictability," he said.
Furthermore, infrastructure development in Tier 2/3 cities and tourism initiatives will enhance national railway and urban mobility, he said.
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"Kudos to @nsitharaman for successfully upholding her commitment to fiscal discipline!
"This achievement has not only strengthened confidence in our economy and created a more favourable environment for credit to flow to the private sector," he added.
Kant said this fiscal consolidation has been paired with an increase in capital expenditure, with effective capex now at 4.4 per cent of GDP.
"This strategic move is helping to unlock supply-side constraints and drive economic growth," he said, adding that looking ahead, the high-level committee on banking reforms must focus on lowering the cost of capital for private enterprises.
DP World on budget allocation for container manufacturing
As per DP World's Middle East and North Africa and India subcontinent Chief Executive Officer, Rizwan Soomar, this Budget takes a decisive step towards strengthening India's end-to-end trade and logistics ecosystem."The Rs 10,000 crore allocation for domestic container manufacturing directly addresses a critical supply chain vulnerability, while digital customs, AI-enabled inspections and modern warehousing will materially reduce dwell time and improve cargo predictability," he said.
French railway manufacturer Alstom on 7 new high-speed corridors
Alstom India Managing Director Olivier Loison said the focus on improving India's rail infrastructure with the announcement of seven new high-speed rail corridors will significantly boost India's passenger mobility, strengthening the overall economic ecosystem.Furthermore, infrastructure development in Tier 2/3 cities and tourism initiatives will enhance national railway and urban mobility, he said.
