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Budget 2026-27: New playbook for trade, Customs reforms needed, Business Standard


“Economic theories teach us about the efficiency of markets, but when it comes to international business, it’s the inefficiencies that often create the greatest opportunities.” – Craig Maginness in Go Glocal: The Definitive Guide to Success in Entering International Markets.

As international trade sways the rapidly changing global order like a caffeinated businessman with a wishlist of optics and redundancies, India prepares itself for a defining Budget Day. The Budget comes at a seemingly opportune time: India has just overtaken Japan to become the fourth-largest economy in the world, its economy is expected to aerobicize by a healthy 7.4 per cent in FY2025-26, and the nation is being viewed as a priority jurisdiction for data centres and technologies of the future by leading players. However, the gung-ho vitality for India’s ascendancy must be examined from the lens of what ails and obfuscates its domestic policies to ensure a holistic investment Eden for foreign investors and institutional titans.

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