The Union Price range 2026–27 has emerged as a defining observation of India’s financial intent, signalling a decisive shift against technology-led, manufacturing-driven, and sustainable expansion. At a time of world uncertainty, supply-chain realignments, and slowing call for throughout key world markets, the Price range provides much-needed readability, continuity, and self belief to business.
With a file capital expenditure outlay, a sustained push on infrastructure advent, and centered measures for MSMEs, the federal government has bolstered its dedication to long-term financial resilience. Complex production, clear mobility, electronics, semiconductors, essential minerals, renewable calories, and defence manufacturing had been known as key pillars of India’s subsequent expansion section.
Similarly important is the emphasis on ease of doing trade, coverage steadiness, and home value-chain building, aimed toward decreasing import dependence whilst improving India’s world competitiveness. Projects comparable to ISM 2.0, electronics element incentives, infrequent earth corridors, MSME expansion financing, and export facilitation are being considered as catalysts for scale, localisation, and innovation.
Trade leaders and stakeholders throughout sectors have shared their views at the Price range’s have an effect on, highlighting each instant alternatives and long-term structural advantages. On this article, we convey in combination reactions and insights from quite a lot of business leaders, corporates, and associations, shooting how other sectors view the Price range’s implications for expansion, funding, and competitiveness.
Jointly, those voices replicate rising optimism that the Union Price range 2026–27 lays a robust basis for India’s ambition to emerge as a globally aggressive, resilient, and future-ready economic system.
Dr. Uday Narang, Founder and Chairman of Omega Seiki Mobility remarked, “The Union Price range 2026–27 marks a decisive shift in making India a world hub for sensible and sustainable mobility. The robust push on complex production, AI-led applied sciences, electronics and semiconductor enlargement, rare-earth and battery delivery chains, the ₹10,000 crore SME Expansion Fund, and better public capex will considerably make stronger the EV ecosystem. What sticks out is the point of interest on ease of doing trade and MSME financing, which lowers price boundaries and improves supply-chain resilience. For firms like Omega Seiki Mobility, this creates the best surroundings to scale innovation, deepen localisation, enlarge charging and logistics infrastructure, and boost up EV adoption throughout Tier-2 and Tier-3 markets. In combination, those measures place India now not simply as a big EV marketplace, however as a aggressive world export base for clear, tech-driven mobility answers.”
Mr. Aravind Melligeri, Government Chairman & CEO, Aequs Restricted
“The verdict to permit eligible SEZ production devices to promote into the Home Tariff House at concessional responsibility is an important spice up for corporations that experience constructed large-scale capacities throughout shopper and aerospace & defence production. At a time of world call for volatility and industry disruptions, this pragmatic measure will support capability utilisation, strengthen working efficiencies, and supply higher flexibility for capital-intensive operations. For strategic sectors comparable to aerospace and defence, a extra everlasting framework for home gross sales from SEZs would additional make stronger India’s talent to satisfy rising indigenous call for whilst closing globally aggressive.
Extra extensively, the Price range’s sustained center of attention on manufacturing-led expansion, infrastructure building, and world competitiveness reinforces long-term coverage readability and investor self belief. Projects such because the India Semiconductor Project 2.0, the expanded Electronics Elements Production Scheme, customs responsibility exemptions for airplane parts and MRO-related uncooked fabrics, and the numerous building up in defence spending jointly improve deeper localisation, modernisation, and personal sector participation. In combination, those measures create a strong and enabling framework for corporations to scale investments, deepen features, and combine India extra firmly into world production cost chains.”
CA Bharatam Satyanarayana, Leader Monetary Officer & Director, Bondada Team
“The Price range units a transparent operational roadmap for the following section of expansion, pushed through sped up infrastructure building, making improvements to renewable calories economics, and emerging call for from information centres and complex production. The point of interest on rail connectivity and Tier II and III hubs aligns strongly with our execution-led technique throughout energy, sun, and business infrastructure. The relief in import responsibility on sun glass will decrease mission prices and accelerate renewable deployments, improving total mission viability.”
Mr. Sunil Mathur, Managing Director & CEO, Siemens Restricted
“We welcome the federal government’s constant center of attention on long-term financial expansion and structural transformation within the Union Price range 2026–27. The file ₹12.2 lakh crore capital expenditure allocation, sustained emphasis on infrastructure building, and a fiscal deficit goal of round 4.3% replicate a disciplined and credible technique to strengthening India’s expansion foundations.
The Price range’s center of attention on technology-led production, virtual infrastructure comparable to information centres, and next-generation mobility together with high-speed rail helps India’s ambition to emerge as a world innovation and production hub. Persevered improve for MSMEs, skilling, and straightforwardness of doing trade might be essential to making sure that expansion stays broad-based and resilient. As industries navigate fast technological exchange, the federal government’s emphasis on scale, execution, and investments in connectivity, sensible infrastructure, and skill building supplies a transparent roadmap for sustainable and inclusive expansion.”
About Siemens Restricted
Siemens Restricted is a number one know-how corporate considering business, infrastructure and mobility. The Corporate’s objective is to create know-how to grow to be the on a regular basis, for everybody. By means of combining the actual and the virtual worlds, Siemens empowers shoppers to boost up their virtual and sustainability transformations, making factories extra environment friendly, towns extra livable, and transportation extra sustainable. In fiscal 2024, which ended on September 30, 2024, Siemens Restricted (proceeding operations) generated consolidated income of round INR 16,000 crore and hired over 6,200 other people. Additional knowledge is to be had at the Web www.siemens.co.in.
Piyush Jha, Team Vice President & Head – APAC, GlobalLogic (a Hitachi Team Corporate)
“The Union Price range 2026–27 sends a robust sign of coverage self belief, positioning know-how as a core pillar of a Viksit Bharat. At a time when world macro headwinds are reshaping know-how spending, the Price range supplies much-needed walk in the park for India’s IT services and products and GCC ecosystem. The unified IT services and products protected harbour framework with a predictable 15.5% margin, together with quicker closure of advance pricing agreements, considerably improves ease of doing trade and reinforces India’s place as a world virtual engineering and supply hub.
Similarly vital is the federal government’s transparent long-term dedication to AI-led governance and enabling virtual infrastructure, whilst recognising that India’s subsequent expansion section might be pushed through ability. The balanced way—combining regulatory simplicity with investments in rising applied sciences comparable to AI and quantum computing, and more potent participation of ladies in STEM—marks a decisive step against making India now not only a scale vacation spot, however a high-value and depended on know-how spouse to the arena.”
Mr. Arjun Bajaj, Director, Videotex
“The Price range is a good step for the patron electronics business, with the creation of ISM 2.0 and an important building up within the outlay for the Electronics Elements Production Scheme to ₹40,000 crore, along improve for the infrequent earth everlasting magnet ecosystem. Those measures are anticipated to make stronger the sphere over the long run. Total, the Price range’s center of attention on ability building, home production, and infrastructure lays a robust basis for innovation and sustained competitiveness around the electronics ecosystem.”
Mr. Jalaj Gupta, Managing Director, Montra Electrical
“This yr’s Union Price range lays a robust basis for India’s clear mobility and complex production ambitions. By means of supporting lithium-ion cellular production and infrequent earth processing, whilst strengthening semiconductor and electronics ecosystems thru ISM 2.0 and enhanced element schemes, the federal government is enabling a actually built-in EV delivery chain. Those measures will deepen localisation, construct professional ability, and support India’s place as a world hub for sustainable mobility and high-technology production.”
Mr. Subbu Venkatachalam, Head – Defence & Aerospace, Carborundum Common Restricted
“The Price range delivers a well timed and essential spice up to India’s defence production ecosystem. The popularity of essential minerals and fabrics science as core enablers for strategic sectors comparable to aerospace and defence is especially important. The proposal to ascertain Uncommon Earth Corridors in key mineral belts will assist home defence producers and OEMs depend on a powerful, end-to-end ecosystem encompassing mining, processing, examine, and production inside the nation.
MSMEs stay central to defence production, and the ₹10,000 crore SME Expansion Fund together with the ₹2,000 crore top-up to the Self-Reliant India Fund will make stronger liquidity, mitigate possibility, and improve innovation-led capacity construction. The advent of educational zones round primary business corridors, blended with devoted examine and coaching centres, will boost up research-to-field collaboration and construct a staff professional in destiny applied sciences.
Customs responsibility exemptions on uncooked fabrics for MRO-related portions, together with a broader push to deepen home production of aviation and defence parts, mark crucial step against India’s Viksit Bharat and self-reliance objectives. With larger defence allocations from FY 2025–26, we wait for a yr of sped up momentum throughout defence modernisation.”
ACMA Welcomes Union Price range 2026–27
The Automobile Element Producers Affiliation of India (ACMA) welcomes the Union Price range 2026–27 offered through the Hon’ble Finance Minister, Smt. Nirmala Sitharaman, and commends the Executive for a practical and forward-looking Price range that enhances India’s production priorities, export competitiveness, and know-how transition.
The ongoing center of attention on production and MSMEs—together with measures to support get entry to to credit score, advertise scale, and strengthen productiveness—is encouraging for the automobile element business. Those tasks will improve capability enlargement and permit sustained investments in know-how and innovation, that are essential to world competitiveness.
ACMA additionally welcomes the emphasis on complex production, clean-energy applied sciences, and the strengthening of home cost chains for electrical mobility and auto electronics. Make stronger for localisation of essential parts comparable to batteries, energy electronics, and high-value digital methods will strengthen supply-chain resilience and cut back import dependence.
The Price range’s center of attention on exports, industry facilitation, and logistics performance is well timed, particularly within the context of world industry uncertainties. Measures aimed toward making improvements to get entry to to export credit score and addressing non-tariff boundaries will additional combine Indian auto element producers into world delivery chains and support India’s place as a competent sourcing hub.
The business appreciates the stairs against rationalisation of customs tasks, correction of inverted responsibility constructions, and procedural simplification, all of which is able to assist decrease prices and support ease of doing trade.
Commenting at the Price range, Mr. Vikrampati Singhania, President, ACMA and Vice Chairman & Managing Director, JK Fenner (India) Restricted, stated:
“The Union Price range 2026–27 lays out a transparent and credible roadmap for strengthening India’s production ecosystem. The sustained center of attention on MSMEs, clear mobility, and export facilitation will assist the automobile element business navigate world headwinds whilst positioning India as a aggressive and depended on production and sourcing vacation spot.”
ACMA seems ahead to persisted engagement with the Executive to improve efficient implementation of the Price range proposals and to additional make stronger the automobile element business as a key pillar of India’s business and export expansion.
About ACMA: The Automobile Element Producers Affiliation of India (ACMA) is the apex frame representing the pastime of the Indian Auto Element Trade. Its club of over 1,000 producers contributes greater than 90% of the automobile element business’s turnover within the arranged sector. In FY2024, the blended turnover of the Auto Element Trade stood at USD 74.1 billion with USD 21.2 billion in exports and a industry surplus of USD 300 million.
MSME Expansion Fund in Price range 2026 a Sport-Changer for the Sector
CS (Dr.) Adv. Mamta Binani, President, MSME Construction Discussion board – West Bengal, stated:
“The announcement of a devoted ₹10,000 crore MSME Expansion Fund within the Union Price range 2026 is a enormous step against strengthening India’s micro, small and medium enterprises at a essential juncture for the economic system. This visionary initiative will supply much-needed capital to assist MSMEs innovate, modernise, and scale, whilst additionally tariff-proofing the sphere in opposition to world industry disruptions.
At a time when MSMEs are grappling with liquidity constraints, behind schedule bills, and intense aggressive pressures, the Fund will act as a catalyst for stepped forward competitiveness, higher get entry to to world markets, and deeper integration into cost chains. Coupled with enhanced credit score get entry to and structural improve measures introduced within the Price range, this transfer underscores the federal government’s robust dedication to unlocking the entire doable of MSMEs—the spine of India’s business expansion, employment era, and exports. We welcome this forward-looking step, which is able to pressure inclusive expansion, make stronger resilience, and assist construct a actually self-reliant MSME ecosystem.”
About CS (Dr.) Adv. Mamta Binani
CS (Dr.) Adv. Mamta Binani is the President of MSME Construction Discussion board – West Bengal. She has served as a jury member for prestigious platforms together with the ICSI Nationwide Award for Excellence in Company Governance and CSR, the Golden Peacock Award (Institute of Administrators), and the ASSOCHAM Award for Commendable CSR Job.
She is the Vice President of the Kolkata NCLT Bar Affiliation, Chairperson of the Service provider Chamber of Trade – Felony Affairs Council, an Government Committee Member of INSOL India, and a Board Member of the Global Girls’s Insolvency & Restructuring Confederation (IWIRC), the place she additionally serves as Co-Chair of the India Community.
Ms. Binani is an Unbiased Director at the forums of main corporations together with Century Ply, Balrampur Chini Turbines, and Emami Restricted, amongst others.
Mr. Ritesh Goenka, Managing Director, Damson Applied sciences
“The Union Price range 2026 sends a robust and reassuring sign to India’s production and electronics ecosystem. The growth of the India Semiconductor Project 2.0 with a considerable ₹40,000 crore outlay, together with enhanced improve for the Electronics Elements Production Scheme, obviously underlines the federal government’s dedication to construction deep and resilient delivery chains whilst strengthening indigenous IP features in high-technology sectors.
This targeted push on scale, technology-led expansion, and supply-chain resilience will boost up India’s emergence as a globally depended on production hub. At Damson Applied sciences and JUST CORSECA, we welcome the federal government’s sustained emphasis on ‘Make in India’ and ‘Atmanirbhar Bharat’, which supplies long-term coverage readability and self belief for investments in complex production, innovation, and skill.”
Mr. Paresh Vij, Director, U&i
“The Union Price range 2026 reinforces India’s long-term imaginative and prescient of changing into a world electronics production powerhouse. The growth of the India Semiconductor Project 2.0 with a ₹40,000 crore outlay, together with enhanced improve for the Electronics Elements Production Scheme, will considerably make stronger home cost chains and cut back import dependence.
Those measures will permit quicker innovation, stepped forward price efficiencies, and larger supply-chain resilience for shopper electronics manufacturers. At U&i, we view this as a decisive step against empowering Indian producers to compete globally whilst turning in top quality, inexpensive merchandise to shoppers. The Price range additionally supplies much-needed coverage steadiness and self belief for sustained investments in production, know-how, and skill.”
Mr. Amod Anand, Co-Founder & Director, Loom Sun
“The bulletins round ISM 2.0, electronics production, essential minerals, and infrequent earth corridors sign a basic shift in India’s clear calories trajectory. For the sun sector, this is going well past capability enlargement against construction deep technological sovereignty. India is transferring from being a {hardware} assembler to proudly owning essential layers of the energy-tech IP stack, together with regulate methods, forecasting platforms, and grid tool that underpin fashionable sun and garage ecosystems.
The advent of infrequent earth corridors addresses a essential and incessantly lost sight of bottleneck through securing get entry to to fabrics crucial for high-efficiency motors, energy electronics, and complex calories methods, considerably decreasing strategic dependence on China. Complementing this, customs responsibility exemptions for essential mineral processing, lithium-ion cellular production for calories garage, and key inputs comparable to sodium antimonate for sun glass will make stronger home cost chains throughout fabrics, parts, and know-how—forming the spine of India’s long-term calories transition and effort safety.”
Mr. Subhrakant Panda, Managing Director, Indian Metals & Ferro Alloys
“Finance Minister Nirmala Sitharaman’s 9th consecutive Union Price range is citizen-centric and displays a transparent intent to maintain expansion momentum thru a persisted thrust on infrastructure building. The allocation of ₹12.2 lakh crore—just about 8.8% upper than the former yr—for roads, bridges, ports, and different infrastructure tasks is a welcome transfer that can considerably spice up financial job. Similarly vital, adherence to the fiscal drift trail lends credibility and self belief to the Price range.
The proposal to ascertain devoted infrequent earth corridors throughout 4 mineral-rich states, together with Odisha, to scale back import dependence and make stronger home features is a good building for essential sectors comparable to inexperienced calories, electronics, defence, and electrical mobility. The removing of fundamental customs tasks on capital items utilized in essential mineral processing is a well timed and pragmatic step.
Total, the federal government’s center of attention on seven strategic sectors, rejuvenation of legacy industries, and advent of champion MSMEs displays a forward-looking technique to accelerating sustainable financial expansion.”
Vishak Raman, Vice President – Gross sales, India, SAARC, SEA & ANZ, Fortinet
“Price range 2026 displays India’s intent to make stronger its place as a depended on hub for virtual services and products, cloud, and complex applied sciences. Measures to simplify the IT services and products framework, inspire information centre investments, and boost up AI adoption are considering construction long-term competitiveness.
As virtual infrastructure scales, alternatively, complexity and cyber possibility additionally building up. Cyber possibility lately is continuing, now not episodic, making resilience a core trade requirement. Embedding safety into virtual foundations might be essential to protective information, making sure trade continuity, and keeping up believe as India’s virtual economic system continues to enlarge.”
Mr. Kunal Bajaj, Director, Jupiter Team
“The Union Price range 2026 sends a robust and reassuring sign to India’s production sector through transferring decisively from intent to execution. Persevered public capital expenditure, manufacturing-focused tax reforms, and measures comparable to customs responsibility rationalisation, deferred responsibility fee for depended on producers, and supply-chain facilitation immediately strengthen ease of doing trade at the manufacturing unit ground.
For packaging producers, the emphasis on high-value production and the revitalisation of legacy business clusters will make stronger home capability and world competitiveness. The Price range’s push against know-how adoption, together with AI-led production processes, will support productiveness, high quality, and operational performance. Maintaining GDP expansion of round 7% whilst keeping up fiscal self-discipline supplies the long-term coverage steadiness marketers cost maximum, reinforcing self belief to speculate, enlarge capacities, and construct resilient, India-anchored cost chains aligned with the objectives of Make in India and Viksit Bharat.”
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