In a rapidly evolving economic environment shaped by innovation, infrastructure expansion, and global competitiveness, ICTRD convened a distinguished Virtual Round Table on “Decoding India’s Union Budget 2026–27: Growth, Innovation, and Economic Resilience.” The session brought together policymakers, industry leaders, academicians, entrepreneurs, and research professionals from across India to deliberate on the broader vision and long-term implications of the Union Budget.
The dialogue emphasized that the Union Budget 2026–27 is more than a fiscal announcement; it is a strategic blueprint designed to accelerate industrial development, strengthen innovation ecosystems, promote employment generation, and ensure inclusive growth aligned with the vision of Viksit Bharat 2047. The platform enabled cross-sector insights, reinforcing ICTRD’s role as a bridge between policy formulation and ground-level implementation.
Mr. Chinmoy Chatterjee, MD & CEO of Archisman Infratech India Pvt. Ltd., described the budget as a forward looking roadmap driven by strong capital expenditure, infrastructure modernization, semiconductor expansion, and manufacturing growth. He highlighted investments in biopharma, electronics, rail corridors, and waterways as indicators of sustained economic momentum and long-term industrial resilience.
Mr. Sitesh Anand, HOD – Mechanical Engineering & Head of R&D Cell at Ramgovind Institute of Technology, emphasized the catalytic role of AI research, MSME support, green energy initiatives, and supply chain modernization. He noted that research funding, digital learning platforms, and infrastructure development are central to transforming India into a globally competitive manufacturing and innovation hub.
Mr. Viral Patel, CEO of Radha Lifescape LLP, interpreted the budget as a visionary framework integrating growth with fiscal discipline and structural reforms. He highlighted the National Innovation Mission, semiconductor investments, startup incentives, and GST simplification measures as critical pillars supporting long-term economic stability and technological advancement.
Dr. Ranjeet Prasad, Director of Himalayan Vision Production, focused on the importance of digital education, structured skill development, and entrepreneurship mentorship. He stressed that effective implementation through NGOs, academic institutions, and industry collaboration is essential to ensure inclusive development and rural empowerment.
Dr. Hemant Shyam Sonare appreciated the emphasis on youth empowerment and the textile sector as a key employment engine. He highlighted integrated fiber strategies, promotion of technical textiles, and the establishment of mega textile parks as transformative measures to strengthen exports, MSMEs, and global competitiveness.
Dr. Meghana Manohar Jalgaonkar, Director of Mxap Financial Pvt. Ltd., observed that India is shifting from cost-driven production to vision-driven development. She emphasized deep-tech investments, startup encouragement, sustainable manufacturing, and green energy strategies as foundations for long-term, ecosystem-based growth.
The round table concluded with a shared understanding that while the Union Budget 2026–27 sets a comprehensive direction for economic transformation, its success will depend on coordinated participation from government bodies, research institutions, industry stakeholders, and young innovators.
Through this initiative, ICTRD once again demonstrated its leadership as a premier national institution fostering meaningful policy dialogue. By creating platforms that decode economic strategy and encourage collaborative implementation, ICTRD continues to strengthen its position as a leading institute shaping India’s journey toward sustainable growth, innovation excellence, and Viksit Bharat 2047.
