Risk capital support is a big relief for MSMEs: Jyoti Vij, Director General, FICCI on Budget 2026

Industry has welcomed Union Budget 2026 for reinforcing stability, continuity, and fiscal prudence at a time of global uncertainty.Speaking to ET Digital, Jyoti Vij, Director General of FICCI, said the budget sends a strong signal of policy consistency, which is critical for sustaining growth, attracting investment, and strengthening India’s economic fundamentals. Vij highlighted the continued focus on manufacturing, infrastructure, ease of doing business, self-reliance, and employment-intensive sectors such as textiles, leather, and marine exports. She said targeted support for MSMEs—especially risk capital and professional ecosystems—can help unlock entrepreneurship and job creation. She also pointed to fiscal consolidation without compromising social spending as a key confidence booster for investors, noting that sustained public capex can crowd in private investment and support long-term growth. On agriculture, Vij said the budget reflects a shift towards productivity, diversification, and income enhancement beyond subsidies.According to Vij, while implementation remains the key challenge, Budget 2026 lays a balanced foundation for growth, resilience, and competitiveness across regions and sectors.