Whalesbook
Budget ka Main Focus: Make in India ko Milega Naya Boost!
Is Budget mein government chahti hai ki India manufacturing ka global hub bane, aur global supply chain mein apni jagah aur mazboot kare. Is vision ko support karne ke liye kaafi substantial budget allocations aur policy reforms ka announcement hua hai.
Market Ka Reaction: Pehle Thoda Dip, Phir Focus
Budget announce hone ke baad pehle toh market mein thoda dar dikha. Nifty 50 lagbhag 1% neeche chala gaya. Iska reason tha Securities Transaction Tax (STT) mein unexpected increase, jisse capital market stocks kaafi affected hue aur sector index 6% gir gaya. Lekin is short-term dip ke peeche, ek clear long-term plan hai. Manufacturing, critical minerals, semiconductors par jo focus hai, especially India Semiconductor Mission (ISM) 2.0 ke liye ₹40,000 Crore ka outlay, yeh sab indicate karta hai ki growth ka agenda solid hai aur private aur foreign investments ko attract karne ki poori koshish hai.
Future Mobility aur Advanced Manufacturing ko Fuel Milega?
Budget mein strategic manufacturing ko scale karne aur critical minerals ki domestic value chains build karne par zor diya gaya hai, jo India ke badhte hue Electric Vehicle (EV) aur electronics sectors ke liye bahut important hai. Finance Minister ne mineral-rich states jaise Odisha aur Tamil Nadu mein dedicated corridors banane ka proposal diya hai. Saath hi, mineral processing ke liye zaruri capital goods par import duty exemptions bhi milengi. Isse industries ko supply chain mein resilience milegi, jo deep engineering expertise par depend karti hain.
TVS Motor Company, jo EV segment mein ek bada naam hai, ne January 2026 mein apni EV sales mein 50% ka YoY growth dikhaya hai, aur overall sales 29% badhi hai. Woh registered electric two-wheeler (E2W) category mein apna market share maintain kar rahe hain. Halanki, unki valuation thodi high hai, P/E ratio lagbhag 74.4 hai. Tata Technologies Ltd, jo ek global engineering services provider hai, bhi advanced manufacturing aur digital engineering par badhte focus se fayda utha sakti hai. Unhone 2025 mein software-defined vehicles ke liye naye partnerships bhi kiye hain.
Semiconductor Ambition: India ab khud banayega?
India Semiconductor Mission (ISM) 2.0 ke liye ₹40,000 Crore ka fund isliye hai taaki assembly-led growth se nikal kar indigenous intellectual property (IP) aur component sovereignty ki taraf badha ja sake. Iske alawa, freight aur industrial corridors mein investments aur logistics upgrades se operational costs kam honge aur Indian manufacturing ki competitiveness badhegi. Is industrial expansion se SKF India, jo bearings aur mechatronics supply karti hai, ko bhi fayda ho sakta hai. SKF India debt-free hai, achha profit kama rahi hai (ROE approx 21.4% aur ROCE 28.8%) aur P/E ratio bhi around 15.53 hai, jo ek stable performance dikhata hai.
Daimler India Commercial Vehicles (DICV) bhi commercial vehicle manufacturing ko competitive banane aur India ke self-reliant mobility goals ko support karne mein role play karegi.
Sector-wise Outlook aur Budget ka History
Budget mein infrastructure par bhi kafi focus hai, record capital expenditure ₹12.2 lakh Crore ka target hai, jisse millions of jobs create hone aur economic activity badhne ki umeed hai. Historically, budgets ka market par mix effect dekha gaya hai; Budget Day par volatility rehti hai, lekin long-term trends structural reforms aur fiscal discipline se decide hote hain. Toh, haan, initial reaction tax adjustments ki wajah se cautious tha, lekin manufacturing aur technology par jo long-term vision hai, woh sector-specific investments ko drive karega. EV market mein growth achhi hai, par charging infrastructure aur initial vehicle costs jaise challenges abhi bhi hain. Critical minerals aur rare earths mein domestic value chains build karna India ke manufacturing powerhouse banne ke ambition ke liye bahut zaroori hai.