The office bearers of the Indian Merchants’ Chamber (IMC) watched the Union Budget 2026 live at Churchgate, Mumbai, on Sunday, February 1, keenly following key announcements impacting trade and industry (PICS/SHADAB KHAN)
Updated On: 2026-02-05 02:37 PM IST
Compiled by : Tarun Verma
Domestic stock markets opened largely flat on Sunday during a special Budget Session, ahead of Union Finance Minister Nirmala Sitharaman's ninth consecutive Budget
Industry leaders said they were optimistic about the government's fiscal policy and its potential to drive economic growth
Addressing the Lower House of the Parliament, Sitharaman asserted that the "reform express" of the Narendra Modi-led National Democratic Alliance (NDA) government is well on its way and will continue to maintain momentum to fulfil its duties
The Union Budget 2026-27 has drawn positive reactions from industry for its focus on manufacturing priorities, export competitiveness, and the transition to cleaner technologies. Industry experts have noted that the fiscal roadmap reinforces India's position as a reliable global sourcing hub by prioritising capacity expansion and domestic value chains
Industry experts highlighted that the Budget's emphasis on Micro, Small, and Medium Enterprises (MSMEs) through improved credit access and productivity measures is encouraging for the automotive component sector. These steps are expected to facilitate sustained investments in innovation and technology.
