Budget Pushes India Towards Global Hub Status: SBI Chairman
Feb 02, 2026
State Bank of India Chairman Challa Sreenivasulu Setty said the Union Budget 2026–27 is a significant step towards making India a global hub for innovation and advanced manufacturing with global competitiveness.
Welcoming the Budget presented in the Lok Sabha, Mr Setty said it maintains policy continuity and tax predictability while striking a careful balance between rural and urban priorities, as well as legacy and emerging sectors.
He noted that the Budget places emphasis on high-value products such as sandalwood, cashews and fisheries, which could strengthen India’s export potential. The SBI Chairman also said the focus on services, tourism, the orange economy and education is timely and complements the ongoing expansion of infrastructure and connectivity across the country.