Economic Expert Highlights Budget 2026 Impact and Global Risks at LMA Session
February 8, 2026
etnews / Ludhiana
The Ludhiana Management Association (LMA) organised a special session on “Global Happenings, Impact on Indian Business & Budget 2026” at Hotel Park Plaza here on Friday, bringing together industry members to understand how global developments and the Union Budget will shape the future of Indian businesses.
The session featured Girish Vanvari, Founder of Transaction Square, Chartered Accountant and Independent Director, as the keynote speaker. He was formally welcomed by Dr Prem Kumar at the beginning of the programme. Vanvari shared insights on major global geopolitical and economic developments and explained how they directly and indirectly influence Indian trade, investment, and business decision-making.
Addressing the gathering, Vanvari spoke about global oil trade dynamics involving India, Bangladesh and Nepal, the ongoing Taiwan–China tensions, and the Red Sea shipping crisis, highlighting their impact on international supply chains and costs for Indian businesses. He underlined the need for Indian companies to stay agile in an increasingly volatile global environment.
He also discussed the expanding role of artificial intelligence across sectors such as solar energy, pharmaceuticals and data analytics, noting that AI is reshaping operational efficiency, workforce requirements and long-term business strategies.
While analysing the Union Budget 2026, Vanvari described it as growth-oriented and business-friendly. He explained how the budget measures strengthen domestic demand, boost investor confidence and provide targeted support to sectors such as automobiles and manufacturing. He also outlined key tax holidays, incentives and fiscal benefits announced by the government to help businesses improve financial planning and optimise operations.
A significant part of the session focused on wealth management, where Vanvari stressed the importance of having a Will and Living Will, along with structured estate planning through trusts. He also shared practical insights into fundraising through IPOs and private equity, guiding businesses on choosing the right funding route based on their growth stage and strategic goals.
The programme concluded with an interactive question-and-answer session. LMA General Secretary Shobhan Soi invited LMA President Gaurav Munjal to deliver the presidential remarks. Senior Vice President Sandeep Jain proposed the vote of thanks. Past President V K Goyal and Sandeep Jain felicitated the guest speaker with a memento on behalf of LMA. The event ended with networking and dinner.
Union Budget 2026 LMA Ludhiana Girish Vanvari Indian Business Impact Global Risks SMEs Manufacturing Automobile Sector AI In Business
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