How the budget’s reforms will help India gain an export edge and make the most of its trade deals
Subscribe to enjoy similar stories. India’s budget for 2026-27 has been presented at a time when the global landscape is being reshaped by geopolitical fragmentation, supply chain reconfiguration, rising protectionism and unprecedented trade-policy uncertainty. Given the global backdrop, the budget reflects a clear strategy of sustaining India’s development agenda while addressing emerging vulnerabilities and transforming external pressures into opportunities to strengthen the foundations of the economy’s long-term competitiveness.
The proposed scaling up of strategic and frontier manufacturing sectors such as biopharma, semiconductors, electronic components, rare earth magnets, chemicals, capital goods and containers will support industry’s needs. It expands our export-manufacturing base while deepening domestic value addition and reducing critical import dependencies. This reinforces confidence in the Centre’s ‘Make in India’ strategy, which is slowly evolving into a global-oriented manufacturing vision.
Moreover, the long-awaited India-US trade agreement will be a game-changer for India’s economic trajectory. It will turbo-charge exports, deeply embed India into global value chains and unleash the full potential of our manufacturing sector. By restoring investor confidence and catalysing large-scale investments from both countries, the agreement will redefine the India-US economic partnership.
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