KIIT School of Management Conducts

Post-Budget Discussion with Financial Experts

KIIT School of Management organized a panel discussion on the Post–Union Budget 2026 to provide students with insights into the key highlights and economic implications of the Union Budget. The session brought together financial experts, faculty, and students to discuss the impact of the budget on policy, economic growth, and development priorities.

Prof. Shikta Singh, Convenor of the Pre and Post Budget Discussions, was responsible for the overall organizing and coordination of the event. The program began with a welcome address by Prof. Arvind Tripathy, Dean-MBA, KSOM, who emphasized that the Union Budget should not be viewed merely as a financial statement but as a policy framework that shapes the country’s economic trajectory.

The panelists included CA Arun Kumar Sabat, Founding Partner A.K. Sabat & Co., CA Bidhubhushan Nayak, Promoter Director, Sparsh Healthcare Group, Smt. Jayshree Mohanty, Co-founder, Luminous Infoways, and Dr. Pritish Kumar Sahu, Economist & Associate Professor, IMI Bhubaneswar.

Smt. Jayashree in her opening remarks, highlighted that the 2026 budget has been presented at a crucial time when India is balancing domestic growth with global economic uncertainties while striving toward long-term goals such as Viksit Bharat 2047 and regional milestones like Odisha Vision 2036. 

During the discussion, CA Arun Kumar Sabat shared his experience of analyzing budgets over several decades and reflected on how taxation policies have evolved in India. He noted that major reforms in direct taxation have already been introduced in recent years, particularly the expansion of the tax-free income threshold under the new tax regime. 

CA Bidhubhushan Nayak focused on the constitutional and structural aspects of the Union Budget. He explained that the word “budget” itself is not explicitly mentioned in the Constitution of India; rather, Article 112 refers to it as the “Annual Financial Statement.” He also discussed the importance of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, which ensures fiscal discipline in government financial planning. 

Dr. Pritish Kumar Sahu described the budget as a roadmap that outlines the country’s long-term policy direction rather than simply a statement of revenues and expenditures. He explained that governments may not always have sufficient resources to directly support every sector; therefore, businesses and citizens must leverage the opportunities created by policy initiatives and infrastructure development.

The panel discussion also highlighted the importance of infrastructure expansion, strengthening manufacturing and MSMEs, improving logistics and freight connectivity, and leveraging India’s demographic dividend through skill development. The speakers emphasized that strategic investments in sectors such as technology, semiconductors, and services will play a significant role in driving India’s economic progress. The session concluded with encouraging remarks from the panellists, who advised the students to remain aware of economic developments and align their skills with the evolving needs of the economy. Prof. Shikta Singh proposed the Vote of Thanks.

Overall, the discussion provided valuable insights into the Post–Union Budget 2026 and helped students better understand its role in shaping India’s economic future and its journey toward becoming a developed nation by 2047.