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Building strategic indispensability: How Budget 2026-27 deepens India’s global value chain role
India’s Union Budget 2026-27 signals a clear shift in how the country positions itself within global value chains. As production decisions are increasingly shaped by supply reliability, regulatory compliance, and capability depth, the Budget moves beyond cost competitiveness and incentive-led growth toward strengthening the foundations for ecosystem-led, durable participation in global production networks.