SG Tushar Mehta hails 2026 Budget; calls it "blueprint towards Viksit Bharat"

Solicitor General Tushar Mehta is all praises for the Budget 2026-27 presented by Finance Minister Nirmala Sitharaman on Sunday, February 1, 2026.

SG Mehta has said that Union Budget provides a clear blueprint towards Viksit Bharat 2047 and a resilient, self-sufficient and globally-competitive India.

"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.The emphasis on 'Education to Employment and Enterprise' is animated by the Hon'ble Prime Minister's deep and unwavering faith in Yuva Shakti, which is our greatest resource," SG Mehta said in a statement.

SG has added the vision of "Aatmanirbhar Bharat" has been fortified by schemes for empowering micro, small and medium enterprises (MSMEs), advancing India's leadership in emerging areas, such as biomaterials and semiconductors, and increasing critical mineral security.

"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," he added.

The Union Budget 2026-27 focuses on sustaining economic growth through infrastructure investment, fiscal discipline, and structural reform. A major emphasis has been placed on capital expenditure, which was raised to approximately ₹12.2 lakh crore to accelerate infrastructure creation in cities, logistics, waterways, and freight corridors, supporting long-term growth and job creation. Seven high-speed rail corridors were announced to improve connectivity between major urban centres, including routes linking Mumbai-Pune, Delhi-Varanasi, and Bengaluru-Chennai.

On the economic front, the budget upholds fiscal prudence with a fiscal deficit target around 4.3 % of GDP, reflecting gradual consolidation. Support for manufacturing and strategic sectors was strengthened through initiatives like India Semiconductor Mission 2.0 and the Biopharma SHAKTI mission, alongside plans for rare earth corridors and chemical parks to boost domestic production.

From a legal and institutional standpoint, Hitesh Jain, Managing Partner at Parinam Law Associates has said, “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.” For the legal profession, the Budget signals an expansion of regulatory engagement. Jain notes, “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.”