Global brokerage firm Morgan Stanley has outlined key reforms that the Indian government should consider in Budget 2026, stressing the need for higher infrastructure spending, continued capital expenditure (capex), and fiscal discipline.
According to the report, the auto sector requires stronger policy support for electric vehicles (EVs) to accelerate adoption and boost long-term growth. In the telecom sector, Morgan Stanley highlighted the need for relief measures, including easing the burden of Adjusted Gross Revenue (AGR) dues and rationalising contributions to the Universal Service Obligation Fund (USOF).
The report also underlined the importance of increased government spending in railway
ays and defence, stating that higher capex in these sectors would support economic growth, job creation, and domestic manufacturing.
In addition, Morgan Stanley pointed out that housing demand needs policy support, especially through measures that improve affordability and stimulate urban consumption.
Overall, the brokerage believes that a reform-oriented Budget 2026, with a strong focus on infrastructure and key sectors, could help sustain India’s growth momentum while maintaining fiscal stability.
Global brokerage firm Morgan Stanley ne Budget 2026 ke liye sarkar ko kuch important reforms suggest kiye hain. Report ke mutabik, aane wale budget mein infrastructure spending, capital expenditure (capex) aur fiscal discipline par strong focus hona chahiye, taaki India ki economic growth sustain rahe.
Morgan Stanley ka kehna hai ki auto sector ko electric vehicles (EVs) ke liye zyada policy support ki zarurat hai, jisse EV adoption badhe aur sector long term mein grow kare.
Telecom sector ke liye brokerage ne AGR dues aur USOF charges par relief dene ki baat kahi hai, kyunki inka pressure telecom companies ki financial health par asar daal raha hai.
Report mein railways aur defence sectors ko bhi important bataya gaya hai. In sectors mein zyada government capex se infrastructure improve hoga, employment create hogi aur domestic manufacturing ko boost milega.
Saath hi, Morgan Stanley ne kaha hai ki housing demand ko revive karne ke liye affordability aur policy support zaroori hai, taaki urban consumption aur real estate activity ko momentum mil sake.
Overall, brokerage ka maanna hai ki agar Budget 2026 reform-focused raha aur key sectors par dhyaan diya gaya, toh India ki growth story aur zyada strong ho sakti hai.