Budget 2026: India Aims for Global Manufacturing Hub, Major Tax & MSME Reforms Expected

• Finance Minister Nirmala Sitharaman to present the Union Budget on February 1, 2026, crucial for 'Developed India' roadmap.
• Key focus is on making India a global manufacturing hub with anticipated major reforms in trade and customs.
• Income tax discussions include increasing the 30% slab threshold to ₹40-50 lakh and making the New Tax Regime more attractive.
• MSME sector expects special policy support, stricter 45-day payment enforcement, and easier loans.
• Relief packages are also anticipated for sectors like textiles, gems, and jewelry to mitigate tariff shocks.

Why It Matters: Budget 2026 targets India's manufacturing growth, tax simplification, and MSME support for 'Developed India'.