New Delhi, Feb. 2 -- The Union Budget for FY27 "gives some hope to the infra space after two consecutive years of disappointment," signalling a potential rebound in government spending, noted a Nuvama Research report on the recently announced Budget 2026.

"The Union Budget for FY27 can be construed as better than last year total infra capex budget is up 12% over FY26 revised estimate (RE) and 10% compared with FY26 budgeted estimate (BE)," the report said.

While the allocation suggests a recovery, the report noted that the growth comes on a low base after FY26 expenditures significantly undershot initial projections.

The fiscal plan shows a distinct prioritisation of transport networks, specifically railways and roads, which saw outlay...