Union Budget is stable and balanced, says KKCCI

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.

Among the positive announcements, the Chamber welcomed the proposed high-speed rail corridor connecting Hyderabad and Pune, stating that improved connectivity can enhance economic integration and investment prospects for the region. The renewed focus on mega textile parks is also described as encouraging, particularly in view of the PM-MITRA Textiles Park proposed in Kalaburagi which can emerge as a major employment and export hub if implemented on priority.

In the agriculture sector, KKCCI has appreciated the launch of the Bharat-VISTAAR AI-based agriculture platform integrating AgriStack and ICAR systems.

The Chamber said that the initiative will be especially beneficial for drought-prone districts such as Kalaburagi, Yadgir, Raichur and Bidar by providing customised, multilingual advisories to help farmers take informed decisions.

The proposal to establish one girls hostel per district is described as a socially impactful measure. KKCCI said that this will directly benefit Kalaburagi by enabling rural girls from the region to pursue higher and STEM education locally in a safe environment.

While MSMEs credit support has been strengthened through improved banking mechanisms, faster payments and credit guarantees, KKCCI has expressed concern that the ₹10,000-crore MSMEs allocation may be inadequate given the size and diversity of the sector. It added that Kalyana Karnataka will benefit only if banks actively improve credit flow at the district level.

The discussion was attended by KKCCI secretary Shivraj Inginshetty, immediate past president Shashikant B. Patil, past presidents Umakant Nigudgi and Prashant Mankar, economist Baswaraj Kumnoor and several members of the Chamber.