Office bearers and members of the business community of KKCCI watch the live telecast at Kalaburagi on the presentation of the Union Budget 2026-2027 on Sunday. | Photo credit: ARUN KULKARNI
The Union Budget 2026-27 is stable and balanced, maintaining fiscal discipline and policy continuity, but lacks the regional interventions needed to spur growth in backward regions like Kalyana Karnataka, the Kalyana Karnataka Chamber of Commerce and Industry (KKCCI) said on Sunday.
The insights were shared after a live telecast and budget discussion organized by the KKCCI at its premises in Kalaburagi.
From an industry-wide perspective, KKCCI noted that the budget largely continues with existing policies and allocations, ensuring macroeconomic stability.
However, the absence of major new announcements or transformational measures makes it a stable budget rather than a decisive growth-oriented push for underdeveloped regions.
While the budget’s emphasis on infrastructure, manufacturing, SMEs and services has the potential to generate jobs at the national level, KKCCI warned that Kalyana Karnataka will only benefit if it is able to attract projects, industrial clusters and private investment through proactive implementation at the state and district levels.
“We recognize the positive aspects of this factor as it provides a disciplined and stable framework aimed at continuity, but a stronger region-specific intervention is needed to unlock faster growth in underserved regions. We are also disappointed at the absence of any direct announcement, special package or earmarked allocation for Kalyana Karnataka, despite its long-standing developmental challenges,” said KKCCI President Sharnabasappa Pappa.
Among the positive announcements, the chamber welcomed the proposed high-speed rail corridor linking Hyderabad and Pune, saying better connectivity can improve the region’s economic integration and investment prospects. The renewed focus on large textile parks is also described as encouraging, especially with regard to the PM-MITRA Textiles Park proposed at Kalaburagi, which may turn out to be a major employment and export hub if implemented on a priority basis.
In the agriculture sector, KKCCI appreciated the launch of Bharat-VISTAAR AI based agriculture platform which integrates AgriStack and ICAR systems.
The chamber said the initiative will particularly benefit drought-prone areas like Kalaburagi, Yadgir, Raichur and Bidar as it provides customized, multilingual guidance to help farmers make informed decisions.
The proposal to establish one girls’ dormitory per district is described as a socially impactful measure. KKCCI said this will directly benefit Kalaburagi by enabling rural girls from the region to pursue higher and STEM education locally in a safe environment.
While credit support to SMEs has been strengthened through improved banking mechanisms, faster payments and credit guarantees, the KKCCI has expressed concerns that the ₹10,000 crore allocation may be insufficient given the size and diversity of the sector. He added that Kalyana Karnataka will benefit only if the banks actively improve the credit flow at the district level.
KKCCI Secretary Shivraj Inginshetty, Immediate Past President Shashikant B. Patil, Past Presidents Umakant Nigudgi and Prashant Mankar, Economist Baswaraj Kumnoor and several Chamber members participated in the discussion.
Published – 01 Feb 2026 19:37 IST