Budget 2026 to address trade deficit, focusing on export promotion and import reduction.
Summary
The upcoming Union Budget 2026 is crucial for India's trade policy, addressing a widening trade deficit and declining exports, especially to the US. The budget is anticipated to implement interventionist measures to boost exports and decrease import reliance, reflecting the government's economic priorities.
Key Points
- Budget 2026 faces challenges due to a widening trade deficit.
- Exports are shrinking, particularly to the US, impacted by tariffs and competition.
- Electronics sector shows growth, but other sectors are contracting.
- The budget is expected to adopt an interventionist approach.
- The focus is on promoting exports and reducing import dependence.
Full Article
Budget 2026: India's upcoming Union Budget 2026 faces a trade policy crossroads due to a widening deficit and shrinking exports, particularly to the US, driven by tariffs and Chinese competition. While electronics show growth, other sectors are contracting, signaling broad stress. The budget is expected to adopt a more interventionist approach to promote exports and reduce import dependence.