Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Chaturvedi highlighted that the customs duty reforms introduced in the Union Budget 2026-27 are designed to catalyse domestic manufacturing, boost exports, and improve the ease of living for citizens.
India's Chief Economic Adviser V. Anantha Nageswaran on Tuesday said that boosting the manufacturing sector is crucial for strengthening the rupee over the medium term and for bringing down the cost of capital in a meaningful manner. He noted that countries with strong and stable currencies
"Manufacturing will get a huge boost from this trade deal with the EU," says Prime Minister Narendra Modi on Tuesday. Posting on his X account. He also said that the services sector will also expand post this Free Trade Agreement with the European Council.
He highlighted the government's efforts to encourage deeper engagement between corporates and startups, adding that large companies are showing growing interest in collaborating with startups to drive innovation and scale.
Out of 23 manufacturing industries, 19 recorded positive momentum, an improvement from 16 in the previous month. Additionally, higher government spending in January provided further support to industrial growth, and the outlook remains favourable for meeting budget targets.