Ms. Smitha Shetty, Regional Director, APAC, Achilles Information Limited
“Union Budget 2026 reinforces India’s intent to build long-term industrial competitiveness through stronger manufacturing depth and more resilient supply chains. Semiconductors Mission 2.0, dedicated rare earth corridors, and support for domestic chemical clusters reflect a clear focus on reducing import dependency in strategic sectors that are shaping global production systems.
The Budget also strengthens MSME growth with meaningful measures such as the ₹10,000 crore SME Growth Fund, additional micro-enterprise risk capital, and reforms that support working capital efficiency through receivables financing and procurement-linked mechanisms. Importantly, the ‘corporate mitras’ initiative can help strengthen compliance readiness without overburdening smaller suppliers, especially in Tier 2 and Tier 3 cities. In an uncertain global trade environment, this is a balanced and forward-looking Budget.”
