February Edition - 2026

India’s Union Budget 2026–27 is being viewed as balanced and growth-oriented, outlining broad-based reforms across sectors and reinforcing the long-term vision of a ‘Viksit Bharat 2047’ (Developed India by 2047). Key measures include a focused push towards strengthening domestic manufacturing in strategic areas, aimed at enhancing supply chain resilience and reducing external dependencies.

The Budget also underscores the importance of tax stability — a critical consideration for global investors — while introducing targeted proposals for sectors such as semiconductors, biopharma and electronics to foster export-oriented manufacturing. In addition, measures to enable wider participation by non-resident Indians and foreign investors signal a continued intent to deepen India’s capital markets.

A notable announcement is the tax holiday until 2047 for foreign companies using India-based data centres to serve global customers, sending a strong signal to cloud, AI and digital infrastructure investors around the world.

Spotlighting the Union Budget 2026, this edition of The Indian Tiffin brings together expert views and analyses of the implications of proposed announcements on businesses, investors, and the broader economy.