The investor and author Harsh Madhusudan Gupta shared an optimistic interpretation of the Union budget of the Minister of Finance Nirmala Sitharaman 2025-26 on Saturday, praising the government on reforms, tax discipline and long -term growth. “India rises quickly, and with the power to pay, gradually one day begins to look suddenly,” said Madhusudan in an article on X.
He recognized the government’s decisive stages in tax reduction, both direct and indirect. “PM Modi and FM Sitharaman have reduced corporate taxes, income taxes, indirect taxes. Only the summit is to pay more income taxes, “he noted, stressing how budgetary consolidation has been balanced with growth-oriented reforms. Madhusudan has credited digital public infrastructure (DPI) to improve the efficiency of social spending, a decision that aligns the broader vision of the Government of Inclusive Development.
On budgetary prudence, he congratulated the honest approach to the government, declaring: “They were honest with regard to budgetary consolidation, and with the RBI on the targeting of inflation. We can discuss a little too inflexible by the book, but nevertheless put the nation above politics. This, he suggested, reflects a commitment to long-term stability compared to short-term populism.
The center lowered its budget deficit target to 4.8% of GDP for the current financial year, down compared to the previous estimate of 4.9%. For the next financial year, the budget deficit was set at 4.4% of GDP, reporting a continuous commitment to budgetary consolidation.
Madhusudan praised the government’s reform agenda, citing historical initiatives such as TPS, the Insolvency and bankruptcy Code (IBC) and progressive progress on labor laws, with sincere attempts to fight against terrestrial reforms and agricultural. While recognizing areas where more could have been done, such as privatization and divestment, he pointed out: “This is what it is”, indicating that reforms are often a work in progress.
With a strong emphasis on infrastructure and an increasing accent on manufacturing, including the indigenization of defense, Madhusudan thinks that India is ready for a new growth phase. “India is ready. We must think of industrial policy with regard to software, but it is not urgent even if it is important, “he said.
Tackling recent economic pessimism, he rejected the concerns anchored in coalition policy, stock market corrections or even global factors such as Strong USD and Chinese innovations. “But some things take time. Warren Buffett said you cannot get a child in a month by making nine pregnant women, “said Madhusudan, stressing the importance of patience in economic development.
He concluded with a nod to the fire the investor Rakesh Jhunjhunwala, saying: “If the history of India is a Mumbai train in Delhi, we have not even left Mumbai.”
