Budget 2026 seen driving cyclical growth, nominal GDP growth pegged at 10% for FY27: Morgan Stanley

The Union Budget 2026-27 is set to boost economic growth. Morgan Stanley reports the budget balances fiscal consolidation with growth support. Capital expenditure remains a focus, aiding near-term expansion and future capacity. The budget signals a strategic shift towards manufacturing, particularly in high-value sectors like semiconductors. Support for services exports aims to increase India's global trade share.