Union Budget 2026: Shift to Productivity-Led Growth, Says Qode's Gaurav Didwania

• Gaurav Didwania of Qode Advisors PMS advocates for a decisive shift from recovery-led to productivity-led growth in Union Budget 2026.
• Prioritizes private capex crowding-in through targeted tax incentives for manufacturing, logistics, and clean energy, aiming for 5% capex-to-GDP ratio.
• Focuses on urban infrastructure, housing in Tier-2/3 cities, and outcome-linked incentives for labor-intensive sectors like textiles and electronics.
• Emphasizes heavy investment in human capital via AI skilling, vocational training, and higher education reform for demographic dividend.
• Expects semiconductor policy to shift from announcements to execution, focusing on design-linked incentives, chip packaging, and testing.

Why It Matters: Budget 2026 must prioritize productivity, private investment, urban infrastructure, and human capital for sustained growth.