US experts have welcomed India’s Union Budget, saying it strengthens the country’s economic momentum and sends positive signals to global trade partners and investors. They said the budget shows continuity in growth-focused policies and boosts confidence in India’s long-term economic direction. However, they also urged the government to adopt a stronger and more competitive approach to manufacturing to unlock India’s full global potential.
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US experts praise India’s growth outlook, seek stronger manufacturing push
US experts said the latest Union Budget supports India’s ongoing growth story and aligns with global expectations. Steve Hanke, Professor of Applied Economics at Johns Hopkins University, said India’s economic performance under Prime Minister Narendra Modi did not surprise him. He noted that consistent policies and reform-driven governance have helped sustain growth. Hanke added that Prime Minister Modi remains one of the most popular global leaders, reflecting confidence in his economic leadership.
Hanke cited International Monetary Fund projections that estimate India’s annual real GDP growth at around 6.45 per cent between 2025 and 2030. This would make India the fastest-growing major economy in the world. He linked this outlook to trade-friendly and growth-oriented policies. He said strong expansion would continue to attract global investors and capital inflows.
US experts welcome infra boost, seek aggressive manufacturing reforms
Gunjan Bagla, CEO of Amritt, a US-India consultancy firm based in Los Angeles, also welcomed the budget from a global trade and investment perspective. He described it as a positive and steady step forward for foreign investors. Bagla highlighted the nine per cent increase in infrastructure spending. He said it would gradually improve logistics, connectivity, and trade efficiency.
Bagla also appreciated the 15 per cent rise in defence expenditure. He said it would strengthen India’s preparedness against emerging security threats, even though some equipment gaps remain. He welcomed the focus on manufacturing but said the push was not ambitious enough. According to him, Indian manufacturers need stronger policy support to compete with China across sectors.
Bagla added that Indian entrepreneurs have built strong companies over the past two decades. With the right policy framework, many more global leaders could emerge. He stressed that manufacturing can create hundreds of millions of jobs. He said the world must see India not just as a fast-growing market, but as a future manufacturing powerhouse.
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