Solicitor General Tushar Mehta hailed Budget 2026-27 as a bold roadmap for Viksit Bharat 2047, praising its balanced focus on infrastructure-led growth, fiscal discipline, high-speed rail, national waterways, digital public infrastructure, and a globally competitive, self-reliant India economy vision.
NEW DELHI: Solicitor General Tushar Mehta expressed strong support for the Budget 2026-27 introduced by Finance Minister Nirmala Sitharaman on February 1, 2026. He stated that the Union Budget offers a clear framework aimed at achieving Viksit Bharat 2047, and promoting a resilient, self-sufficient, and globally competitive India.
SG Mehta remarked,
“The vision of the Budget is as wide as it is deep. The substantial capital expenditure on crucial infrastructure spans high-speed rail corridors, national waterways, and digital public infrastructure, while maintaining fiscal discipline,”
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He further emphasized that the vision of “Aatmanirbhar Bharat” is reinforced by initiatives aimed at empowering micro, small, and medium enterprises (MSMEs), advancing India’s leadership in emerging fields like biomaterials and semiconductors, and enhancing critical mineral security.
He added,
“The three Kartavyas of accelerating sustainable economic growth, building human capacity, and ensuring inclusive development animate every aspect of the reforms ushered in by the budget. The vision of the Budget is as wide as it is deep,”
The Union Budget 2026-27 prioritizes economic growth through infrastructure investments, fiscal responsibility, and structural reforms. A notable increase in capital expenditure to approximately Rs 12.2 lakh crore has been made to enhance infrastructure in urban areas, logistics, waterways, and freight corridors, which is essential for sustained growth and job creation. Seven high-speed rail corridors were announced to improve connectivity between major urban centers, including routes connecting Mumbai-Pune, Delhi-Varanasi, and Bengaluru-Chennai.
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In terms of economic strategy, the budget maintains fiscal discipline with a fiscal deficit target of around 4.3% of GDP, signaling gradual consolidation.
Support for manufacturing and strategic sectors has been bolstered through initiatives such as the India Semiconductor Mission 2.0 and the Biopharma SHAKTI mission, alongside plans for rare earth corridors and chemical parks to enhance domestic production.
Hitesh Jain observed,
“Budget 2026–27 reflects policy continuity and long-term intent rather than short-term populism. From a legal and institutional perspective, that predictability itself is a strong signal for investors and industry.”
He noted that for the legal profession the Budget indicates an increase in regulatory engagement. stating,
He said,
“For the legal ecosystem, this Budget points to increased activity across regulatory advisory, infrastructure disputes, arbitration, and technology law, especially as implementation moves from intent to execution.”