New Delhi, Jan. 14 -- The upcoming Union Budget 2026 is expected to be a key trigger for the industrial sector, with higher government allocation likely to support a recovery in domestic ordering, particularly for infrastructure and capital goods companies, according to a report by HDFC Securities Institutional Research.

The report highlighted that road awards by the National Highways Authority of India (NHAI) have remained subdued so far in FY26, raising expectations that the Budget could provide additional support to revive project awarding.

It stated, "We believe the upcoming budget could provide increased allocation considering the weak awards in FY26".

In the first nine months of FY26, road awards stood at 1,951 km, sharply lower ...