Union Budget 2026: MSC’s expert analysis

• by MSC
• Feb 2, 2026
• 2 min

India’s Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 on Sunday, February 1, 2026. After the Union Budget 2026 announcement, MSC’s leadership shared expert perspectives across sectors, highlighting opportunities in financial services, health system reforms, agriculture productivity, and more.

Leadership quotes on India’s 2026 Union Budget announcement:

Abhishek Anand, Senior Partner – Banking Financial Services and Insurance, on “The Daily Jagran”

“Refinancing ease for NBFC-MFIs is important for micro enterprise growth and the ultimate growth of the Viksit Bharat goal ahead.”

Vikash Sinha, Associate Partner – Climate Change and Sustainability, on “India CSR”

“Climate adaptation needs dedicated local provisions and said the allocation of INR 1.4 lakh crore under the 16th Finance Commission is commendable and strengthens fiscal federalism. Also, climate resilience requires dedicated provisions for locally led adaptation mechanisms that can crowd in private innovation and investment.”

Puneet Khanduja, Associate Partner – Health and Nutrition, on “Money control”

“Such announcements create a strong platform for systemic reforms. However, their impact will depend on effective state-level implementation, regulatory alignment, and integrated models that translate policy intent into actionable institutional expansion.”

Rajnish Kumar, Senior Manager – Agriculture and Food System, on “Nuffoods Spectrum”

“The Union Budget 2026–27 signals a decisive shift toward productivity-led agricultural growth. The emphasis on integrated fisheries and livestock value chains, development of 500 reservoirs and Amrit Sarovar lakes, and AI-enabled productivity through Bharat Vistaar with AgriStack–ICAR integration aligns well with the Economic Survey’s diagnosis. The real test will be rapid execution and demonstrable gains in productivity and farm incomes.”

Ayushi Mishra, Senior Manager – Communities and Livelihoods, on “Business world”

“Diversification must extend beyond crops to livelihoods. Aligning community livelihoods with climate-resilient agriculture could transform sustainability into a scalable economic strategy. Integrating self-help groups into formal value chains and promoting green jobs could strengthen rural resilience while aligning growth with India’s climate commitments.”

Rajarshi Dutta Barua, Associate Partner – Banking Financial Services and Insurance, on “CNBC”

“The ₹10,000 crore SME Growth Fund is a decisive intervention to create future champions by providing equity support and risk capital to promising MSMEs. It addresses critical equity gaps that prevent small enterprises from scaling globally and can be strengthened through faster settlements on platforms like TReDS and expanded credit guarantee coverage for first-time women and marginalised entrepreneurs.”