Budget 2026: Sectors & Companies to Benefit
Based on the budget, summarizing all the sectors and company to benefit
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1. Infrastructure & Capital Goods
Why this matters right now
Govt raised capital expenditure to ~₹12.2 lakh crore for FY27, up ~9% — record allocation. This cements infrastructure as the core growth engine.
Includes spending on roads, urban infrastructure and major connectivity projects.
Real budget triggers
7 high-speed rail corridors announced linking major cities, plus freight corridor proposals. These require heavy civil, track, signalling, electrification work.
Why companies in this space benefit
Firms with large order books and execution capacity win from steadily rising project flows.
Examples likely to benefit
Larsen & Toubro Ltd
IRB Infrastructure Developers Ltd
NBCC (India) Ltd
HG Infra Engineering Ltd
PNC Infratech Ltd
2. Biopharma & Pharmaceuticals
Budget support
Launch of a ₹10,000 crore “Biopharma Shakti” initiative targeted at developing India as a biopharma hub over the next five years.
Focus on making medicines (including for cancer/diabetes) more affordable.
Why this helps the sector
Large dedicated funding is uncommon and signals manufacturing + innovation emphasis.
Policy backbone for domestic API capacity and export competitiveness.
Companies in focus
Sun Pharmaceutical Industries Ltd
Dr. Reddy’s Laboratories Ltd
Cipla Ltd
Divi’s Laboratories Ltd
3. MSMEs & Manufacturing
Immediate Budget measures
₹10,000 crore MSME growth fund announced to strengthen competitiveness and help tariff resilience.
Why this matters
MSMEs are the supply chain backbone across manufacturing, auto, engineering, consumer goods and more.
Direct allocation means improved access to finance, scaling and likely participation in PLI/exports.
Link to broader manufacturing
A ₹40,000 crore electronics PLI push was also announced to grow manufacturing capability.
4. Clean Energy & Manufacturing Inputs
Live duty/industrial support
Customs duty exemptions on key clean-energy inputs, including battery energy storage and solar glass raw materials to spur domestic green technology manufacturing.
Why this helps
India’s renewables and EV supply chain has historically been import heavy. Duty relief makes local plants more competitive.
5. Aviation & Defence Manufacturing
Direct support
Basic customs duty exemptions on civil and defence aircraft components and parts to boost domestic MRO (maintenance, repair, overhaul) and manufacturing.
Why this matters
Helps reduce costs for domestic aviation/defence OEMs and integrators.
Improves self-reliance by lowering input costs for high-value manufacturing.
Companies that may benefit
Hindustan Aeronautics Ltd (HAL)
Bharat Electronics Ltd (BEL)
Bharat Dynamics Ltd (BDL)
7. Tourism, Education, Sports and Design
Sector diversification
National institutes for hospitality and design proposed.
Focus on developing trekking trails, archaeological sites and tourism infrastructure.
New Khelo India mission to grow sports sector.
This is broader policy support to tourism, hospitality, leisure, premium education and sports ecosystems.
Companies to Benefit
EaseMyTrip
Note: These are not recommendations. Do you own analysis before investing in stocks.
MORE TO BE UPDATED…….
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