Union Budget 2026: Visionary Push for Growth, but Affordable Housing Needs Urgent Attention – CREDAI
Pune, 1st Feb 2026: Commenting on the Union Budget 2026, Shantilal Kataria, Executive Council Member, CREDAI National and Former Vice President & President, CREDAI Maharashtra and CREDAI Pune, said that the budget reflects a clear and determined vision to accelerate India’s journey towards Viksit Bharat.
“The entire focus of this budget is on driving India rapidly towards a developed economy. It clearly identifies high-growth sectors such as bio-pharma, IT, data centres, tourism, medical tourism, healthcare, infrastructure, semiconductors, and rare earth minerals as future growth engines for the country,” said Kataria.
He further added that the government’s emphasis on scaling up the manufacturing sector will significantly boost economic growth and generate large-scale employment opportunities, while the strong focus on Tier-2 and Tier-3 cities rightly positions them as the next engines of national growth.
CREDAI welcomes the government’s continued thrust on infrastructure spending, particularly investments in highways, metro rail, logistics corridors, railways, and urban infrastructure. These initiatives will enhance connectivity, unlock new growth corridors, and support sustainable, long-term urban development across the country.
However, CREDAI expressed deep disappointment over the absence of concrete measures for affordable housing in the budget.
“Affordable housing must be treated as economic infrastructure. It has a multiplier effect on employment, urban development, and social inclusion,” Kataria emphasized.
CREDAI strongly urges the government to give urgent policy attention to affordable housing, including fiscal incentives and targeted schemes, to ensure inclusive and sustainable urban growth and to address the housing needs of millions of Indians.
