Union Budget 2026 to Focus on Defence Modernisation and Trade Competitiveness Amid Geopolitical Challenges

The upcoming Union Budget 2026 is anticipated to address India's strategic economic and security challenges amid global geopolitical volatility and fragmented supply chains. Key focuses include boosting defence capital expenditure with emphasis on indigenisation, AI, and modernisation, alongside policies to enhance export-oriented manufacturing and trade competitiveness. Industry leaders expect reforms supporting infrastructure, MSMEs, and regulatory ease to sustain growth. The budget aims to position India as a resilient global trading power while managing fiscal constraints and evolving geopolitical risks impacting Indian businesses.