As economist Rahul Ahluwalia, founder and director of Foundation for Economic Development, puts it, “Rationalising customs duty will enable MSMEs to get inputs at globally competitive prices and reduce disputes and delays at customs, opening up huge global markets for them."

As India looks ahead to Budget 2026, all eyes are on reforms that can accelerate growth and competitiveness. The key expectations: a strong push for manufacturing, real ease of doing business, and policies that actively attract foreign investment. With industry calling for fewer regulations and reduced government intervention, the big question remains—will Budget 2026 deliver a pro-growth, pro-enterprise roadmap for India’s next economic leap? Here’s what this major overhaul means on the ground.