Hyderabad, Feb 1 (TNT): Welcoming the Union Budget 2026–27, the Federation of Telangana Chambers of Commerce and Industry (FTCCI) on Sunday termed it a stability-focused and continuity-driven Budget that reinforces economic resilience amid global uncertainties, while calling for a stronger push towards manufacturing, infrastructure and tourism.
Reacting to the Budget presented by Union Finance Minister Nirmala Sitharaman in Parliament toda, FTCCI President Mr. Ravi Kumar said the government has struck a fine balance between growth and fiscal discipline, providing policy certainty to industry at a time of volatile global conditions.
“The Budget reflects continuity and stability, which are critical for sustaining investor confidence. The strong emphasis on MSMEs through the ₹10,000 crore MSME Growth Fund and additional support for micro enterprises will significantly improve access to capital and encourage entrepreneurship,” he said.
Welcoming the renewed thrust on ‘Made in India’, Mr. Ravi Kumar appreciated the launch of the Biopharma Shakti initiative and the continued focus on the Semiconductor Mission, noting that both are crucial for strengthening India’s industrial and technological base.
FTCCI also welcomed the proposal for high-speed and semi-high-speed rail connectivity linking Hyderabad with major economic centres, stating that such infrastructure will enhance labour mobility, improve supply-chain efficiency and support regional economic integration.
From a capital markets perspective, Mr. K.K. Maheshwari, Senior Vice President, FTCCI, said the Budget reinforces market stability, though the increase in Securities Transaction Tax (STT) on F&O could dampen sentiment in the near term. He added that deepening the corporate bond market remains a key reform priority.
While appreciating the emphasis on MSMEs, skills and Atmanirbhar Bharat, industry leaders flagged missed opportunities, including the absence of TDS rationalisation and limited expansion of the PLI scheme to additional sectors. Concerns were also raised over lower-than-expected infrastructure allocation and capital outlay for manufacturing, which are vital for accelerating private investment.
Commenting on tourism, FTCCI noted that while several initiatives were announced, long-pending demands such as industry status, GST rationalisation and a comprehensive National Tourism Policy remain unaddressed.
Overall, FTCCI said the Union Budget 2026–27 provides stability and continuity in a challenging global environment, but stressed that a sharper focus on manufacturing-led growth, infrastructure investment and tourism reforms will be essential to sustain India’s long-term economic momentum.
TNT TS
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