New Delhi, Feb. 1 -- The Union Budget 2026-27, presented in Parliament on Sunday, has increased public capital expenditure to Rs 12.2 lakh crore in FY 2026-27, with industry experts saying that the increased outlay will revitalise project pipelines.

Anand Kulkarni, Director at Crisil Ratings, pointed out that the 8 per cent increase in allocation for the Ministry of Road Transport and Highways (MoRTH), is a "salutary" step for the industry. The focus is expected to translate into tangible progress on the ground very soon, he said.

Kulkarni noted that the fiscal support would lead further pick-up in new project awarding and execution.

Beyond direct budgetary support, the government is leaning heavily on innovative financing to sustain t...