Market sentiment around infrastructure-linked sectors strengthened after the Union Budget 2026–27, with Lalit Beriwala, Managing Director of Shyam Steel Group, saying the proposals lay a strong foundation for sustained growth aligned with Prime Minister Narendra Modi’s vision of Vikshit Bharat by 2047. Reacting to the Budget presented by Finance Minister Nirmala Sitharaman, Beriwala highlighted the continued capex push, with public capital expenditure raised to 9 per cent and allocations increased to ₹12.2 trillion for 2026–27. According to him, higher spending on railway network expansion, express highway connectivity and construction-led growth is expected to strengthen India’s infrastructure backbone, translating into steady demand for quality steel and improved activity across core industries.
He said infrastructure proposals for tier II and tier III cities are likely to support the steel, cement and allied building materials segments, while generating large-scale employment in urban and semi-urban markets, helping address unemployment pressures.
Beriwala also pointed to positive market cues from the emphasis on waterways development and the announcement of seven additional Dedicated Freight Corridors, alongside eco-friendly passenger corridors, semiconductor corridors, chemical parks, rare earth corridors and textile parks. These initiatives, he said, coupled with long-term structural reforms, improve the medium- to long-term growth outlook. On technology, he noted that the focus on Artificial Intelligence–driven tools and skill-to-employment frameworks aligns with modern manufacturing trends, enabling productivity gains and operational efficiencies for the steel sector. He also welcomed continued support for women-led enterprises, describing the Budget as growth-oriented, progressive, business-friendly and pragmatic.
