While India’s Union Budget 2025-26 found favor with the U.S.-India Business Council (USIBC), there were certain areas of concern raised by the business council that connect the two largest democracies in the world and inspire sustainable solutions to business challenges.
“While the budget outlines a vision for economic resilience, technological advancement, and global competitiveness, India’s growth trajectory requires sustained and deeper reforms. Foreign direct investment remains steady but has not seen significant acceleration, and businesses continue to navigate complex regulatory landscapes. USIBC urges a more ambitious push for systemic reforms in taxation, regulatory frameworks, and business procedures to further enhance India’s global competitiveness and attract greater investment,” President of the USIBC, Ambassador Atul Keshap, said. The USIBC represents hundreds of top global companies operating across the United States, India, and the Indo-Pacific.