New Delhi, Feb. 1 -- The Union Budget 2026-27 has drawn positive reactions from industry for its focus on manufacturing priorities, export competitiveness, and the transition to cleaner technologies. Industry experts have noted that the fiscal roadmap reinforces India's position as a reliable global sourcing hub by prioritising capacity expansion and domestic value chains.

Industry experts highlighted that the budget's emphasis on Micro, Small, and Medium Enterprises (MSMEs) through improved credit access and productivity measures is encouraging for the automotive component sector. These steps are expected to facilitate sustained investments in innovation and technology.

Commenting on the fiscal proposals, Vikrampati Singhania, Presiden...