IMC members closely follow the Finance Minister’s Budget speech on screen in Mumbai

Domestic stock markets opened largely flat on Sunday during a special Budget Session, ahead of Union Finance Minister Nirmala Sitharaman`s ninth consecutive Budget 

Industry leaders said they were optimistic about the government`s fiscal policy and its potential to drive economic growth

Addressing the Lower House of the Parliament, Sitharaman asserted that the "reform express" of the Narendra Modi-led National Democratic Alliance (NDA) government is well on its way and will continue to maintain momentum to fulfil its duties

The Union Budget 2026-27 has drawn positive reactions from industry for its focus on manufacturing priorities, export competitiveness, and the transition to cleaner technologies. Industry experts have noted that the fiscal roadmap reinforces India`s position as a reliable global sourcing hub by prioritising capacity expansion and domestic value chains

Industry experts highlighted that the Budget`s emphasis on Micro, Small, and Medium Enterprises (MSMEs) through improved credit access and productivity measures is encouraging for the automotive component sector. These steps are expected to facilitate sustained investments in innovation and technology.