US Business Groups Endorse India's 2026-27 Budget for Economic Growth and Investment Initiatives
US-India business organizations, including the US-India Business Council and the US-India Strategic Partnership Forum, have endorsed India's Union Budget 2026-27, praising its emphasis on economic growth, fiscal discipline, and public investment. Key initiatives such as the Rs 20,000 crore Carbon Capture Utilization and Storage scheme, customs duty exemptions, and technology-driven reforms like the India Semiconductor Mission 2.0 are expected to enhance global competitiveness and attract investment. The budget also includes reforms in taxation and trade facilitation, including a long-term tax holiday for cloud services.
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US-India business organizations, including the US-India Business Council (USIBC) and the US-India Strategic Partnership Forum (USISPF), have expressed strong support for India's Union Budget 2026-27. They highlighted the budget's focus on sustained economic growth, fiscal discipline, and public investment, which they believe will enhance India's global competitiveness and investor confidence.
Key initiatives include the Rs 20,000 crore Carbon Capture Utilization and Storage scheme and customs duty exemptions for critical sectors such as lithium-ion batteries and nuclear power projects. The budget promotes technology-driven reforms, including the India Semiconductor Mission 2.0 and AI Mission, aimed at advancing next-generation technologies.
The USIBC and USISPF also noted reforms in taxation and trade facilitation designed to simplify processes and support India's manufacturing goals. They welcomed a long-term tax holiday for cloud services, indicating its potential to attract global investment.
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