Journal Articles

Is This Budget a Reset for Infrastructure?

Partha Mukhopadhyay

April 4, 2026

The Union Budget 2026–27 has three broad infrastructure objectives. First, ramp up investment; second, increase market financing of this investment; and third, create a manufacturing ecosystem complementary to infrastructure. Each of these requires examination to see whether the proposed investments are warranted, the push for market financing is appropriate, and what the prospects are for the emergence
of a manufacturing ecosystem.

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