“The Union Budget 2026–27, with FY27 capital expenditure pegged at ₹12.2 lakh crore, reinforces infrastructure-led growth across roads, railways, ports, power and logistics, sectors that anchor demand for steel and coal. Focus on new dedicated freight corridors, expanded inland waterways and coastal cargo schemes are expected to improve evacuation efficiency, lower logistics costs and support offtake in bulk commodities.
The policy thrust on digital and AI-enabled systems, trust-based customs processes and integrated platforms strengthens organized, transparent trade and price discovery across industrial value chains. The ₹20,000 crore CCUS outlay for hard-to-abate sectors signals clear support for green steel, while enhanced MSME financing through the ₹10,000 crore SME Growth Fund and expanded TReDS improves liquidity and market participation.”
We have some very welcome decisions taken which will significantly strengthen the digital and export infrastructure. The Finance Bill, 2026 has now omitted Section 13(8)(b) of the IGST Act, 2017. Consequently, the place of supply for intermediary services will be determined under the default rule of Section 13(2), i.e., location of the recipient.
Post this change, our B2B e-auction services for Global customers will now qualify as export of services. This is expected to bring a significant structural relief that directly improves our competitiveness in global markets.”