Dr. Pawan Goenka, Chairman, IN-SPACe & SCALE Committee, Government of India, on the Union Budget 2026:

“The Union Budget 2026 reinforces the foundations for sustained economic growth. Its wide-ranging reforms—spanning manufacturing, infrastructure, and the creation of Champion MSMEs—reflect a clear focus on scale and resilience through stable policy and institutional support. Simplification of tax processes, decriminalisation of compliance provisions, and GST rationalisation will enhance predictability, ease adherence, and encourage entrepreneurship. The proposal to establish dedicated Rare Earth Corridors in mineral-rich states is a timely move to secure critical materials, strengthen domestic value chains, and reduce strategic dependencies. Coupled with targeted customs duty exemptions to support domestic manufacturing and supply-chain integration, these measures create a competitive, resilient economy where businesses can invest confidently and plan for the long term.”