“Budget 2026 sends a strong signal for sectors driven by advanced manufacturing, ethical sourcing, and consumer-led growth. Measures such as the continued focus on retail-led demand, the ₹1.4 lakh crore allocation towards growth-oriented priorities, and the ₹10,000 crore SME Growth Fund under the ‘Champion SMEs’ initiative are expected to improve access to capital for innovation-driven businesses, while targeted tax reforms under the new regime could support consumption in discretionary categories.
Equally impactful are the export-focused reforms, including faster and low-intervention customs processes, duty rationalisation, and exemptions on capital goods linked to critical mineral processing. Alongside the sustained emphasis on R&D and responsible adoption of advanced technologies, these steps create a more enabling environment for lab-grown diamond and ethical luxury manufacturers to scale responsibly, strengthen global competitiveness, and contribute meaningfully to India’s vision of Viksit Bharat.”
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