Union Budget 2026 Backs Growth With Stability, Says Bajaj General Insurance MD & CEO

New Delhi: The Union Budget 2026 reinforces confidence in India’s growth trajectory by maintaining fiscal discipline while continuing to anchor expansion through capital expenditure, according to Dr. Tapan Singhel, Managing Director & CEO of Bajaj General Insurance and Chairman of the General Insurance Council.

Commenting on the Budget, Dr. Singhel said the government’s steady approach to public investment will help protect macroeconomic stability, support predictable interest rates, and strengthen confidence as India scales up infrastructure, logistics and manufacturing capacity.

He noted that the Budget’s emphasis on improving cashflows for Micro, Small and Medium Enterprises (MSMEs), deepening formalisation, and sustained investment in skills and healthcare will make growth more broad-based and resilient.

“The Budget strikes the right balance: fiscal discipline stays on course while capital expenditure anchors growth and confidence. The push to strengthen MSME cashflows, formalisation, skills and healthcare will broaden the growth base. For insurers, it expands the pool of insurable assets and the opportunity to strengthen protection and resilience across enterprises and households. We also welcome Bharat-VISTAAR, a multilingual Artificial Intelligence (AI) advisory tool for farmers, which can help reduce uncertainty and support more resilient outcomes in agriculture,” Dr. Singhel said.

From an insurance industry perspective, Dr. Singhel highlighted that higher investment in infrastructure, manufacturing and MSMEs would translate into a larger base of insurable assets, enabling insurers to play a stronger role in risk protection across projects, businesses and households.

He also welcomed the introduction of Bharat-VISTAAR, a multilingual advisory platform for farmers, saying technology-driven interventions in agriculture can reduce uncertainty and improve resilience in a sector that remains critical to the broader economy.

Overall, Dr. Singhel said the Budget sends a progressive signal by backing growth through investment, building economic resilience, and ensuring that India’s growth story remains sustainable and inclusive.