The US-India Strategic Partnership Forum (USISPF) has welcomed the Union Budget, describing it as a progressive and comprehensive roadmap that strengthens India’s competitiveness, boosts investment, and enhances ease of doing business. In a statement, USISPF said the Budget’s strong focus on trade facilitation, customs modernisation, tariff rationalisation, banking sector reforms, and strategic sectoral support aligns closely with industry priorities and reinforces India’s position as an attractive global investment destination.
On the tariff front, the forum said targeted customs duty rationalisation would support India’s manufacturing, clean energy, and high-technology ambitions. USISPF also welcomed the Centre’s announcement of a high-level committee on banking sector reforms, which will review the sector’s structure, efficiency, and preparedness to support India’s next phase of economic growth while safeguarding financial stability and inclusion.
Commenting on the Budget, USISPF President and CEO Mukesh Aghi said the reforms across customs, taxation, and strategic sectors would modernise India’s economic architecture and fuel next-generation growth and also welcomed the long-term tax holiday for cloud services provided through local data centres, calling it a landmark policy with the potential to catalyse large-scale global investment and job creation.
