By Srinivas Iyer – Mumbai
The World Trade Center (WTC) Mumbai, in association with the All India Association of Industries (AIAI), organised a post-Budget session today to discuss the implications of the Union Budget 2026–27 for MSMEs, trade, industry, exports, and India’s long-term economic growth. The session brought together industry leaders, exporters, professionals, and diplomats to analyse key budget announcements and their impact on businesses and the broader economy.
Siddhartha Rastogi, Principal Officer, MD & COO, Ambit Asset Management, said the Budget lays a clear path for growth. “Achieving a GDP growth rate of 7.2 per cent requires strengthening India’s six crore MSMEs, the backbone of the economy. Initiatives linking government spending with the TReDS platform will unlock liquidity and orders for MSMEs. Promotion of digital payments and securitisation is improving credit flow and preventing capital from remaining stuck,” he said.
Rastogi welcomed the government’s focus on critical minerals for Atmanirbharta, noting that schemes for rare earth elements will secure supply chains and insulate the economy from geopolitical risks.
Pranav Prakash Mehta, Partner at KJM INC, highlighted indirect taxation tweaks, including post-supply discount rules and invoicing changes, which will ease business operations and reduce litigation.
On direct taxation, Arun Kumar Garodia, former ITAT Member, said tax holidays for data centres and changes in share buyback taxation will boost technology investment and strengthen the domestic economy.
Dr. Vijay Kalantri, Chairman, WTC Mumbai and President, AIAI, said, “The Budget provides a roadmap for Viksit Bharat by 2047, with incentives for technology and industry, aiming for a USD 10 trillion economy by 2030. Simplification of taxes and resolution of legacy issues will improve ease of doing business.”
Over 150 business leaders, MSMEs, innovators, and diplomats attended the session. The event concluded with Capt. Somesh Batra, Vice Chairman, WTC Mumbai, presenting the vote of thanks
