Against this backdrop, the Union Budget 2026 (‘Budget 2026’) outlines a growth-focused, youth-driven and reform-centric roadmap that reinforces the government’s long-term vision of Viksit Bharat by 2047. To begin with, Budget 2026 sets out a comprehensive reform agenda focused on strengthening high-value manufacturing, upgrading services, expanding infrastructure and advancing people-centric development. Budget 2026 also positions MSMEs as growth catalysts and provides them with a three-part support architecture comprising dedicated equity funds, faster TReDS-enabled working capital flows, and professional compliance assistance. Despite these reform measures, Budget 2026 fell short of certain expectations on the tax front. As India enters FY26, it stands at a pivotal moment, resilient amid global uncertainty yet ambitious in its long-term aspirations.

Source: Mint February 03, 2026 07:28 UTC