New Delhi, Jan. 30 -- The capital goods sector is expected to witness continuity in the government's infrastructure-led growth strategy in the union Budget 2026, with emphasis on sustaining public capital expenditure, improving project execution and supporting domestic manufacturing, rather than on fresh structural reforms.
Government data show public capital expenditure rose nearly 28 per cent year-on-year to Rs 6.6 trillion during April-November 2025, driven by spending on roads, railways, power transmission and defence manufacturing projects.
Analysts say the Budget is unlikely to trigger immediate market moves but could reinforce medium-to-long-term order visibility for engineering, construction and equipment companies.
Order inflows...