Union Budget 2026-27 highlights: Customs simplified, duties slashed; tax reforms ease trade and living

The Union Budget 2026–27 presented by Finance Minister Nirmala Sitharaman marks a decisive step in reshaping India’s tax and trade landscape. With reforms spanning customs, indirect taxation, direct tax rationalisation, and incentives for cooperatives and the IT sector, the proposals aim to simplify compliance, reduce burdens, and strengthen competitiveness.

Customs processes are being modernised through digitalisation and AI, while exporters and industries gain relief via duty exemptions and extended timelines. Individuals benefit from reduced tariffs, medical duty waivers, and easier dispute resolution.

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