Union Budget 2026-27: Industry Calls for Job Creation & Export Support Amid Global Trade Frictions

The FICCI survey released on Thursday captures the business community's expectations from the upcoming Union Budget 2026-27. Respondents prioritize job creation and stronger export support as crucial to counter the rising global trade frictions and fortify India's economic foundations.

According to the survey, about 50% of participants predict steady GDP growth between 7-8% in FY 2026-27, with 80% expressing optimism about long-term growth. Surveyed companies, spanning multiple sectors, underline the urgency of streamlining export processes and enhancing infrastructure to navigate non-tariff barriers.

Industry experts urge the Union Budget to facilitate simpler tax compliance, enhance digital infrastructure, and fortify fiscal discipline. Moreover, substantial emphasis is placed on manufacturing and protecting fiscal targets, highlighting the collective confidence in navigating global economic landscapes.