PwC India Sees Budget 2026–27 Balancing Growth and Fiscal Discipline

Union Budget 2026–27 balances India’s growth ambitions with fiscal discipline, PwC India said.

Gayathri Parthasarathy, Partner – Financial Services, said higher capital expenditure in infrastructure, manufacturing, digital infrastructure and energy transition is expected to attract private investment and strengthen long-term growth.

She highlighted reforms in banking, including a high-level committee to align the sector with India’s growth goals, technology upgrades in public sector banks, and restructuring of Power Finance Corporation and REC. Measures to expand NBFC lending, deepen insurance penetration, and promote corporate bond markets were also welcomed as steps to build a resilient and inclusive financial ecosystem.