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FM set to line up reform blitz

Financial Express Mumbai

|

January 21, 2026

Tariff cuts, boost to exports, higher FDI in PSBs likely

- PRASANTA SAHU

THE UNION BUDGET for 2026-27 is expected to be driven by a sweeping reform agenda — dubbed "Reform Express" — spanning trade, MSMEs, education, employment, rural livelihoods, power, and finance, according to sources.

The overarching objective is to simplify regulations, enhance competitiveness, strengthen domestic manufacturing, and align institutions, skills, and delivery systems with India's long-term growth ambitions.

"Overarching reforms will likely be the theme of the Budget 2026-27," a senior official said, adding that the government plans to systematically implement several long-pending reforms across ministries over the next financial year.

Against the backdrop of a global economic slowdown and renewed tariff pressures from the US, these reforms are seen as critical to sustaining growth, attracting investment, and building an export-led economic momentum.

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