Budget reflects State’s continued focus on diverse growth: trade bodies
The Hindu
Karnataka's Budget emphasizes industrial growth, supporting MSMEs, and boosting investment opportunities for innovation and employment statewide.
The Budget presented by Karnataka Chief Minister Siddaramaiah reflected the State government’s continued commitment towards economic growth, industrial development, technology advancement, and balanced regional development across Karnataka, said trade bodies.
Uma Reddy, president, Federation of Karnataka Chambers of Industries (FKCCI), said the initiatives announced in the Budget demonstrated a positive approach to strengthening industry confidence, supporting MSMEs, promoting emerging technologies, and encouraging investments across the State.
FKCCI particularly welcomed several important initiatives aimed at strengthening the industrial ecosystem and creating new opportunities for investment, innovation, and employment.
“The enhanced focus on MSME development is a positive step, as improved access to technology, credit, and infrastructure will help small industries grow and generate employment,‘’ added Ms. Reddy.
In his reaction B.R. Ganesh Rao, president, Karnataka Small Scale Industries Association (KASSIA), observed that the Budget contained several encouraging measures for industry, particularly in infrastructure creation, skill development and industrial expansion beyond Bengaluru, though greater targeted support for Micro and Small Enterprises (MSEs) would further strengthen the State’s industrial ecosystem.
He noted that Karnataka continued to maintain strong economic momentum with a GSDP growth of 8.1%, higher than the national growth rate, and remained a leading destination for global investment, accounting for nearly 26.7% of India’s FDI inflows during 2025–26.
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Karnataka's Budget emphasizes industrial growth, supporting MSMEs, and boosting investment opportunities for innovation and employment statewide.