Deloitte: Budget 2026 Must Boost MSMEs, Maintain Fiscal Discipline Amid Global Risks

• Deloitte India anticipates Union Budget 2026 to prioritize MSME support, infrastructure spending, and export diversification.
• Fiscal discipline is crucial to reassure global investors amidst rising geopolitical and trade uncertainties.
• India's FY25 growth surprised positively at 8%, driven by government reforms and strong domestic demand.
• FY26 growth is projected between 7.6% and 7.8%, supported by robust GST collections and sustained consumption.
• Geopolitical risks, US trade deal uncertainty, and potential US economic slowdown pose challenges for India's external balances.

Why It Matters: Budget 2026 needs to balance MSME growth and fiscal prudence to navigate global economic uncertainties effectively.