Crisil: Shift from short-term support to long-term growth
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New Delhi: Union Budget 2026–27 kept a “long term vision at the forefront” by increasing capital expenditure and improving the expenditure mix, a report said on Monday.
The report from Crisil Intelligence said the focus is shifting to the long term—with reforms, improving ease of doing business, and inclusive growth getting centre stage.
Immediately after the Covid-19 pandemic, the primary focus was on ramping up infrastructure spending and mitigating pandemic impact on growth and welfare, the report reminded. “But as the domestic economy strengthened and stabilised, the need for direct short-term support to growth has reduced,” it said, adding that the budget thus moved its focus to long-term growth. The government sought to build resilience by focusing on developing the manufacturing and services sectors further, thus setting the stage for the next leg of growth.
