State Bank of India Chairman Challa Sreenivasulu Setty has said that the Union Budget 2026-27 is a significant step towards making India a global hub for innovation and advanced manufacturing with global competitiveness. Hailing the Budget that was presented in Lok Sabha yesterday, Mr Setty said that this year’s budget maintains policy continuity, tax predictability, while attempting a fine balance between rural and urban, legacy and sunrise sectors. SBI Chairman noted that the focus will now be on high-value products such as sandalwood, cashews, and fisheries. He added that emphasis on services, tourism, orange economy and education is timely and complementary to infrastructure expansion and connectivity.