By :  Mr. Ashok Rajpal, Managing Director – Ambrane India.

In the electronics segment, we expect the government to continue its strong push toward building in-house manufacturing capabilities. Policy support is likely to remain focused on encouraging domestic production facilities and strengthening auxiliary ecosystems that support the electronics value chain. This approach aligns well with India’s long-term manufacturing ambitions, especially as electronics has emerged as one of the fastest-growing sectors in the country. The exponential growth witnessed over the past few years reinforces our optimism, with India steadily positioning itself as a global manufacturing hub rather than just a consumption market.

For the broader population, the government has already taken significant steps to boost disposable incomes by extending tax slab benefits up to ₹12 lakh in the previous year. Given this substantial relief, we do not anticipate major additional tax relaxations in the upcoming budget. Instead, the policy focus is expected to shift toward stimulating domestic demand and strengthening self-reliance. Measures aimed at reducing dependence on imports, particularly from select countries, are likely to take precedence. This strategy not only supports local industries but also serves as a safeguard amid ongoing global trade tensions. Overall, the budget narrative appears firmly centered on reinforcing domestic capabilities, boosting internal consumption, and enhancing economic resilience in an increasingly uncertain global environment.