Vijai Subramaniam, Chairman & Co-Founder, Royaloak Furniture
Union Budget 2026 reinforces a steady, confidence-building environment for consumption-led sectors like organised retail. While furniture is not addressed directly, the emphasis on manufacturing scale-up, infrastructure development, and a stronger MSME ecosystem supports the broader housing and home improvement value chain.
Simplification of tax processes and improved credit flow through banking and NBFC reforms can ease operational pressures for structured retailers, enabling more predictable expansion, inventory planning, and long-term investment. As city economic regions and urban infrastructure continue to develop, demand for quality-led home solutions is likely to strengthen in a sustainable manner.
Equally important is the continued policy focus on formalisation and skill development. As the industry aligns with BIS norms and higher quality benchmarks, organised players are well-positioned to deliver safer, better-designed products while building consumer trust. Budget 2026 lays the groundwork for a more resilient and quality-driven furniture ecosystem over the medium term.
