Union Budget is stable and balanced, says KKCCI

KKCCI praises the stable Union Budget but calls for targeted support to accelerate growth in Kalyana Karnataka's underserved regions.

The Union Budget 2026-27 is stable and balanced, maintaining fiscal discipline and policy continuity, but lacks region-specific interventions needed to accelerate growth in backward regions such as Kalyana Karnataka, the Kalyana Karnataka Chamber of Commerce and Industry (KKCCI) said on Sunday.

The observations were shared following a live telecast and post-Budget discussion organised by KKCCI on its premises in Kalaburagi.

From an overall industry perspective, KKCCI noted that the Budget largely continues with existing policies and allocations, ensuring macroeconomic stability.

However, the absence of major new announcements or transformative measures makes it a steady Budget rather than a decisive growth-oriented push for underdeveloped regions.

While the Budget’s emphasis on infrastructure, manufacturing, MSMEs and services has the potential to generate employment nationally, KKCCI cautioned that Kalyana Karnataka will benefit only if it is able to attract projects, industrial clusters and private investments through proactive implementation at the State and district levels.

“We acknowledge the positive aspects of the factor as it provides a disciplined and stable framework focused on continuity, but stronger region-specific intervention is needed to unlock faster growth in underserved regions. We are also disappointment over the absence of any direct announcement, special package or dedicated allocation for Kalyana Karnataka, despite its long-standing development challenges,” KKCCI president Sharnabasappa Pappa said.