Srikrishna Narasimhan, Whole-Time Director & CEO, GlobalPay
“Budget 2026 clearly signals India’s intent to deepen integration with global markets while making cross-border financial flows simpler, more transparent, and more compliant. The proposed review of FEMA and non-debt instrument rules to create a contemporary, user-friendly framework for foreign investment is a timely step that will significantly improve ease of doing business for globally connected Indian companies and professionals.
The rationalisation of TCS under the Liberalised Remittance Scheme for education, medical expenses, and overseas travel will directly reduce friction for students, young professionals, NRIs, and families who engage in legitimate cross-border transactions. At the same time, clarity on TDS for manpower services and the one-time foreign asset disclosure scheme demonstrate a balanced approach that combines compliance with fairness and practicality for small taxpayers.
Together, these measures strengthen India’s ambition to export more, attract stable long-term capital, and build resilience in a volatile global environment. For cross-border fintech platforms, this creates a strong foundation to deliver faster, compliant, and more accessible international payment solutions for individuals and businesses alike.”
