Textiles & Apparel, Gems & Jewellery, Electronics manufacturing, Auto Ancillaries, and Chemical exporters emerge as the key beneficiaries
FinTech BizNews Service
Mumbai, 4 February 2026: Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2026-2027 in Parliament on Sunday 1 February 2026. Presenting the Yuva Shakti-driven Budget which emphasizes on Government’s ‘Sankalp’ to focus on poor, underprivileged and the disadvantaged, the Finance Minister said, India will continue to take confident steps towards Viksit Bharat, balancing ambition with inclusion. As a growing economy with expanding trade and capital needs, India must also remain deeply integrated with global markets, exporting more and attracting stable long-term investment.
Jahol Prajapati, Research Analyst, SAMCO Securities, explains: "The US–India trade deal, which reduces import tariffs from 50% to 18%, is expected to materially benefit export-oriented sectors with high exposure to the US market. Textiles & Apparel, Gems & Jewellery, Electronics manufacturing, Auto Ancillaries, and Chemical exporters emerge as the key beneficiaries, given their significant revenue contribution from the US/North America. The table highlights Indian listed companies from these sectors that stand to gain the most from improved price competitiveness and potential volume expansion following the tariff reduction."
