Piyush Goyal: Budget to Boost Services Exports, Ease Compliance
Budget
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CNBC TV18•01-02-2026, 19:56
Piyush Goyal: Budget to Boost Services Exports, Ease Compliance
- •Commerce Minister Piyush Goyal stated that the Union Budget 2026 aims to simplify compliance for the services sector, recognizing its significant growth potential in global trade.
- •The government plans to establish a dedicated committee to closely examine the services sector, streamlining rules and reviewing safe harbor provisions for exporters.
- •Goyal highlighted that the broader Budget framework supports long-term growth across manufacturing, technology, education, and infrastructure, enhancing India's overall export capacity.
- •Investments in infrastructure, including inland waterways, high-speed rail corridors, and logistics, are expected to improve efficiency and competitiveness for exporters.
- •The Budget also supports labor-intensive sectors like textiles and leather, and technology-intensive areas such as data centers, with tax exemptions to attract global investment in AI and cloud services.
Why It Matters: The Union Budget 2026 focuses on simplifying compliance and boosting India's services exports for long-term growth.
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