Uday Kotak praises Nirmala Sitharaman’s Budget 2026, calls it “real economy” focused

Kartavya framework for development

In her Budget speech, Finance Minister Sitharaman set out three imperative areas of responsibilities to deliver “a developed India by 2047.” She established a "three-pronged kartavya framework" to steer the economic and social priorities of the government. The strategy is centred on maintaining the growth of the economy, the realization of the citizens’ dreams and goals by developing capabilities and capacities, and the attainment of equal access to opportunities.

Public reaction on social media

Users on X responded to Kotak’s remarks with mixed views. Many agreed with his assessment, praising the budget for its focus on the real economy, while others criticised it for favouring the wealthy.

Comments ranged from “The budget sounds stable” and “There is a clear tilt towards the real economy” to “The budget reflects a disciplined and calibrated approach.”

Impact on prices

On the consumer front, the budget announced duty reductions on several products, which are expected to lower prices. These include aircraft components, parts for microwave ovens, 17 essential medicines including cancer drugs, imported medicines for rare diseases, selected personal-use imports, inputs for leather exports, and domestically manufactured smartphones and tablets.

However, some items are set to become costlier, such as luxury watches and imported alcoholic beverages.