This post was originally published on The Economic Times
India Inc and export bodies have broadly welcomed the Union Budget 2026–27, calling it a growth-oriented and reform-driven blueprint that strengthens manufacturing, improves trade facilitation and deepens support for micro, small and medium enterprises (MSMEs).
The Federation of Indian Export Organisations (FIEO) said the Budget sends a strong signal on India’s intent to enhance global competitiveness and integrate more deeply with global value chains. S C Ralhan, President, FIEO, said the Union Budget 2026–27 clearly demonstrates the government’s resolve to translate India’s economic potential into tangible performance. The strong thrust on manufacturing, MSMEs, infrastructure and services—backed by meaningful tax and customs reforms—will enable Indian exporters to integrate more competitively with global value chains,” he said.
FIEO also welcomed the government’s focus on strengthening domestic manufacturing across high-value and strategic sectors such as electronics, semiconductors, biopharma, textiles, chemicals, aircraft components, construction equipment and rare earth magnets. The proposed revival of 200 legacy industrial clusters, along with sector-specific initiatives, is expected to improve scale, productivity, technology adoption and export
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