Billionaire banker Uday Kotak lauds Nirmala Sitharaman’s Budget 2026: ‘Budget for real economy’ & more related News Here

India’s Budget 2026-27 presented by Union Finance Minister Nirmala Sitharaman on Sunday caught the attention of business leaders across the country. Kotak Mahindra Bank founder Uday Kotak took to X (formerly Twitter) to share his views and called it a “Budget for the real economy”.

Focusing on overall fiscal discipline, Uday Kotak highlighted the welcome increase in defense spending.

He said the budget appears to carefully balance the financialization of the economy with long-term growth, aiming to strengthen various sectors across India.

“Fiscal discipline continues, but the focus on growth and real economic growth is clear,” he said.

In his speech, he introduced a “three-tier duty framework” to shape the economic and social goals of the government.

The three responsibilities focus on promoting and sustaining economic growth, meeting the aspirations of citizens through skills and capacity development, and ensuring access to opportunities for all.

One user commented, “The budget looks stable.”

“There is a clear shift towards the real economy,” another user commented.

Another user commented, “The budget reflects a disciplined and well-thought-out approach.”

Meanwhile, some items will become more expensive, including luxury watches and imported wine.