US-India Strategic Partnership Forum says, Union Budget to strengthen India’s competitiveness & boost investment
- IBEF
- February 3, 2026
The US-India Strategic Partnership Forum (USISPF) has hailed the Union Budget 2026-27 of India as a visionary and holistic economic roadmap that further enhances India’s competitiveness in the global arena, besides encouraging investments and ease of doing business. While commenting on the Budget, USISPF said that the Budget’s focus on trade facilitation, customs modernization, tariff rationalization, and strategic sector development is highly aligned with the industry’s needs and further enhances the attractiveness of the country as a global investment destination. USISPF has specifically emphasized the need for a focused customs duty rationalization to encourage the development of manufacturing, clean energy, and high technology sectors, which can help the country play a stronger role in global value chains and further trigger new investment inflows into the country. USISPF has also welcomed the government’s move to form a high-level committee for banking sector reforms, which aims to enhance the structural efficiency of the banking sector and prepare the financial system to meet the requirements of the next phase of economic growth in India while maintaining financial inclusion and stability.
US-India Strategic Partnership Forum (USISPF) President and CEO Mr. Mukesh Aghi said that the Budget’s reforms in the areas of customs, taxes, and strategic sectors are a part of the country’s modernized economic architecture that has the potential to trigger next-generation economic growth and attract strong foreign investment. Additionally, the statement emphasised that the long-term tax holiday for cloud services delivered through local data centres, which is a historic policy measure that has the potential to trigger large-scale foreign investment and create many employment opportunities in the technology sector of India.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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