Commenting on the Union Budget FY27, Pinakin Simaria, Head – Agri Business Group, Kotak Mahindra Bank, said the Budget marks a clear long-term shift in policy stance by combining innovation, investment-led growth and climate resilience within a single framework.
Simaria said the Budget continues to prioritise small and marginal farmers (SMFs) through the “Third–Kartavya Framework”, with a strong focus on productivity enhancement and entrepreneurship. He noted that agriculture is increasingly being positioned as a “credible engine of economic growth”, supported by a sectoral growth rate of 4.45 per cent during FY16–FY25, the highest witnessed in recent decades.
He highlighted the government’s technological optimism, pointing to initiatives such as Bharat Vistar, encouragement of high-value crop diversification, and modernisation efforts through the proposed Seed Bill 2025/2026. According to him, these measures are expected to strengthen farm productivity, improve resilience, and enhance value creation across the agri ecosystem.
Simaria also said the potential fiscal support for research and development could play a critical role in driving innovation in crop-protection solutions and seed technologies. Such support, he added, would encourage the development of new, climate-resilient inputs and accelerate the adoption of modern agricultural practices.
Overall, he said the Budget’s integrated approach positions agriculture as a key pillar of sustainable and inclusive economic growth.
