New Delhi, Feb. 2 -- The budget for 2026-27 marks a turning point in India's export policy, with the government moving away from interest subsidies and fragmented incentive schemes towards a model centred on export insurance, trade defence and manufacturing-linked infrastructure.

Experts say that this shift could significantly alter how exporters access state support in an increasingly volatile global trade environment.

The budget documents show that older interest subsidy schemes have been phased out, while funding is being redirected towards export insurance, trade enforcement and streamlined export support programmes. The move suggests that the Centre no longer sees blanket credit subsidies as the preferred tool for supporting export...