Finance Minister Smt. Nirmala Sitharaman unveiled the Union Budget 2026 on February 1. The Union Budget 2026-27 has given the Ministry of Railways its highest-ever allocation. The total outlay for the railway ministry stands at ₹2,78,030 crore. In addition, capital expenditure has been set at ₹2,93,030 crore.
Apart from the budget allocation, the Centre has also proposed 7 high-speed rail corridors across the country.
- Mumbai-Pune
- Pune-Hyderabad
- Hyderabad-Bengaluru
- Hyderabad-Chennai
- Chennai-Bengaluru
- Bengaluru-Varanasi
- Varanasi-Siliguri
- In the Union Budget 2026, ₹28,740 crore has been allocated for metro and mass rapid transit projects across the country.
Post Budget Quote by- Mr. Sebi Joseph, President, Otis India.
The Honourable Finance Minister Smt. Nirmala Sitharaman has presented a growth-oriented budget delivering a powerful push to infrastructure, manufacturing, and technology, boosting job creation. The vertical transportation industry would benefit from the acceleration of the momentum of construction and real estate growth.
Development of city economic regions, establishment of seven high-speed rail corridors, new schemes for construction and infrastructure equipment manufacturing, proposal of infrastructural risk guarantee fund, massive outlay for semiconductor, rare earth and electronics industries transformation are commendable. At Otis, we welcome the
Budget’s forward-looking vision and remain committed to supporting India’s infrastructure ambitions. Through continuous innovation and digital integration, we are proud to help move people and the nation forward- safely and swiftly.
Post Budget Quote by- Mr. Vineet Agarwal, Managing Director, Transport Corporation of India Limited (TCI)
“The Union Budget 2026–27 sends a strong and reassuring signal on India’s manufacturing-led growth agenda. By maintaining fiscal discipline with a deficit of 4.3% while scaling capital expenditure to ₹12.2 lakh crore, the Government has reinforced confidence in long-term investments, capacity creation, and a stable, predictable policy environment that strengthens ease of doing business.
The Union Budget 2026–27 sends a strong and reassuring signal on India’s manufacturing-led growth agenda. By maintaining fiscal discipline with a deficit of 4.3% while scaling capital expenditure to ₹12.2 lakh crore, the Government has reinforced confidence in long-term investments, capacity creation, and a stable, predictable policy environment that strengthens ease of doing business.
The Budget’s sharp focus on logistics and industrial infrastructure will be a major enabler of manufacturing scale-up. Dedicated freight corridors, expansion of national waterways, high-speed rail connectivity, investments in ship-repair ecosystems, and a ₹10,000-crore push for container manufacturing will significantly reduce logistics costs and build a robust ecosystem for capital goods and supporting industries. These measures will strengthen MSMEs, crowd in private investment, and generate large-scale
employment across manufacturing, logistics, and tourism-linked services.
Equally important is the forward-looking emphasis on advanced manufacturing through ISM 2.0, semiconductors, data centres, and AI-led digital platforms. Together, these initiatives lay the foundation for resilient, technology-driven supply chains and position India as a globally competitive hub for manufacturing, trade, tourism, and job creation—aligned with the broader vision of Viksit Bharat.”.
