Budget 2026-27: India Unveils Measures to Boost Tariff-Hit Exports
Business
M
Moneycontrol•01-02-2026, 13:33
Budget 2026-27: India Unveils Measures to Boost Tariff-Hit Exports
- •Finance Minister Nirmala Sitharaman's ninth Budget introduces measures to support labor-intensive sectors like marine products, leather, and textiles, facing 50% US tariffs from mid-2025.
- •The textile sector will benefit from a National Fiber Scheme, Textile Expansion and Employment Scheme, National Handloom and Handicraft program, and the Tex-Eco Initiative.
- •Samarth 2.0, Mega Textile Parks, and the Mahatma Gandhi Gram Swaraj initiative aim to upgrade textile skilling and strengthen khadi, handloom, and handicrafts.
- •Marine exports receive a boost with increased duty-free import limits for seafood processing inputs and duty-free status for fish catch in EEZ and high seas.
- •Leather and footwear exports get extended duty-free import benefits, longer export obligation periods, and the removal of the Rs 10 lakh cap on courier exports for small businesses.
Why It Matters: The Budget focuses on reducing export costs, easing compliance, and diversifying markets to counter global tariff pressures.
✦
More like this
Loading more articles...
