Budget 2026 Quotes: Archana Jahagirdar, Founder & Managing Partner of Rukam Capital

Quote for MSMEs
“Our Finance Minister, Nirmala Sitharaman, reiterated in her budget speech how MSMEs are driving India’s Viksit Bharat 2047 vision. She highlighted three key kartavya: accelerating and sustaining economic growth, fulfilling people’s aspirations, and building capacity while ensuring every family, community, and region gains access to resources. These priorities align seamlessly with the pillars of India’s maturing startup ecosystem.

MSMEs serve as a vital engine for growth. Initiatives like equity support through a dedicated ₹10,000 crore fund for future MSME champions, plus a ₹2,000 crore top-up to the Self-Reliant India Fund, empower entrepreneurs to invest in R&D and scale innovative products and services.

Liquidity measures-such as invoicing platforms, credit guarantees, and “Corporate Mitras” for compliance support- further catalyse the ecosystem.

As our finance Minister noted, the next growth phase for MSMEs will emerge from tier-II and tier-III cities, positioning them as new engines of progress. These budget policies not only support but propel the Indian startup ecosystem, enabling businesses to thrive and innovate.

In essence, by nurturing MSMEs, India is laying a robust foundation for inclusive, sustainable development. This strategic push will unlock entrepreneurial potential nationwide, propelling us toward government’s Viksit Bharat 2047 vision.”

Quote for Foreign Investment
“The proposed review of FEMA non-debt rules, alongside a renewed vision for NBFCs and banking reforms under Viksit Bharat, signals a decisive shift towards a more modern, efficient and investor-friendly financial ecosystem. By aligning regulation, scale, and technology with India’s next phase of growth, this Budget lays the foundation for deeper capital formation, stronger institutions, and sustainable long-term development”

Quote for Entrepreneurship 
“From Ayurveda and biopharma to textiles, semiconductors, urban finance and advanced manufacturing, this Budget clearly shows the government’s intent to systematically build and deepen critical ecosystems. By pairing long-term capital, institutional capacity and manufacturing scale with policy clarity, India is empowering existing start-ups to innovate, commercialise and compete globally in addition to budding entrepreneurs to innovate in segments. This ecosystem-first approach is exactly what will fuel the next wave of high-impact Indian startups under the Viksit Bharat 2047 vision while at the same time make India self-reliant and a global powerhouse”

Quote for VC/Startups
“Union Budget 2026 sends a clear signal that India is entering its scale phase. The focus on MSMEs, strategic manufacturing, creative and technology-led sectors, and city economic regions reflects a maturing policy framework that understands capital efficiency, resilience and long-term value creation. For investors, this budget strengthens the fundamentals—talent pipelines, infrastructure depth, innovation capacity and risk capital support—needed to build globally competitive companies from India. It reinforces confidence that Viksit Bharat will be powered not by isolated winners, but by a broad, inclusive and investible growth ecosystem.”

Quote for Orange Economy
The Finance Minister during the budget mentioned something very interesting that is the growing Orange Economy in India. This economy represents India’s next structural growth engine- where creativity, culture and technology converge to create scalable livelihoods and global value. As animation, gaming, design and immersive media expand, we are not just building industries, we are building aspirations for millions of young Indians. The Budget’s focus on AVGC labs and creative skilling recognises that ideas are India’s most renewable resource. By empowering creators across schools, colleges and MSMEs, we can unlock employment, urban vitality and cultural exports, while advancing the vision of Viksit Bharat through inclusive, innovation-led growth.

Quote on Manufacturing
The Union Budget 2026 represents a critical pivot point in the evolution of manufacturing in India and provides a blueprint to become a self-sufficient economy. The fact that there is a close to 75% increase in the allocation for the manufacture of components of electronics, from a level of around ₹23,000 crores to ₹40,000 crores, is a clear indication that the government is serious about positioning India in the global value chain, at a time when the global electronics value chain is actively working to de-risk and rebalance.

Equally important is the ₹10,000 crore investment in developing indigenous container manufacturing capacity, which has been a critical logistics weakness that has come to the fore in the wake of global supply chain disruptions, and the ₹10,000 crore growth fund for MSMEs, which account for over 110 million jobs and close to 30% of the GDP of India. For investors supporting sectors that are manufacturing-led, the budget enhances long-term clarity by making the country less dependent on imports, which is a positive step towards indigenous capabilities, including rare earth corridors. The budget cements India’s place in the world as a destination for patient capital that seeks scalable and sustainable opportunities in line with the global shift in manufacturing and trade.

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Disclaimer: The above press release has been provided by MSL Group. CXO Digital Pulse holds no responsibility for its content in any manner.
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