Even as markets reacted negatively, industry leaders and experts welcomed Budget 2026, calling it growth-oriented, balanced and focused on long-term reforms rather than short-term market triggers. At the same time, he played down any direct link between the Budget and the market fall. There is nothing in the Budget that should prompt the market to react as it is now,” Mehta said. Industry bodies, including the Confederation of Indian Industry (CII), reacted positively to measures aimed at supporting MSMEs, boosting capital expenditure and simplifying the tax framework. “As India sets the tone for global growth, the Indian Budget becomes relevant not only for Indians but for the world.

Source: The Telegraph February 01, 2026 09:17 UTC