Budget 2026 signals continuity with reform push, says Nilesh Shah

Nilesh Shah of Kotak MF highlights the Union Budget 2026's focus on continuity, fiscal prudence, and long-term growth drivers. The budget prioritizes reforms and execution, with capital expenditure exceeding net market borrowing for the first time. While STT hikes and SGB taxation pose challenges, increased focus on skilling and manufacturing are seen as positives.