Indian Companies Seek Budget Support For Manufacturing
Ahead of India's Union Budget on Feb. 1, 2026, an ASSOCHAM pre-Budget survey of professionals across manufacturing, services, infrastructure, IT and startups found 55% optimistic about the next 12 months and prioritized boosting domestic manufacturing, MSME support, and simpler tax and compliance. Respondents reported 35% seeing limited benefits from schemes like PLI and GST reforms, urging cheaper long-term capital and Industry 4.0 tax incentives to scale production.
Scoring Rationale
Industry-wide, credible ASSOCHAM survey drives score; limitation is incremental novelty and survey-based, self-reported evidence limiting impact.
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