Union Budget 2025-2026 focuses on boosting exports, air cargo warehousing & MSMEs

To achieve the goal of ‘Viksit Bharat’ 2047, Union Finance Minister, Nirmala Sitharaman presented the Union Budget 2025-2026 focusing on the Micro, Small and Medium Enterprises (MSMEs) to be the second engine of growth for ‘Viksit Bharat.’ The budget also focused on boosting exports out of India especially of high-value perishables and agri produce. Export Promotion Mission to be set up jointly by the ministries of Commerce, MSME and Finance. It will facilitate easy access to export credit, cross-border factory support, support to MSMEs to tackle non-direct measures in overseas markets. Digital public infrastructure for international trade will be set up as a unified platform for trade documentation and financing solutions. This will complement the unified logistics interface platform (ULIP). Support will be provided to develop domestic manufacturing capacities for economies’ integration with global supply chains. PM Gati Shakti data will be made accessible to the private sector, and the development of the top 50 tourist destinations will be carried out in partnership with state governments. Cargo screening and customs clearance processes will be made more user-friendly to improve efficiency and ease for stakeholders. Sectors will be identified based on objective criteria. Presentation groups with participation of senior officers and industry representatives will be formed for selected products and supply chains.  Through this, there will be huge opportunities related to industry 4.0, which needs high skills and talent. The national framework will be formulated as guidance to states for promoting global capability centres in emerging tier 2 cities.  Our government will facilitate upgradation of infrastructure and warehousing for air cargo, including high value perishables and agri produce. The investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively. This will give them the confidence to grow and generate employment for our youth. There will be a boost in technological upgradation for MSMEs.