Views on Union Budget 2026

“A three-pronged approach that focuses on growth sectors, infrastructure and the services segment has laid down the blueprint to sustain and accelerate economic growth. Specific incentives for biopharma and electronics manufacturing, rare earth mining, setting up education townships & medical value tourism hubs are far-reaching. Additionally, the measures to promote tourism will create accretive employment and revenues while the tax holiday for foreign data centre service providers is set to make India a global hub for data centres. The overall budget is a statement and action document to create the push towards making India a leading manufacturing and innovation-driven ecosystem."

Manufacturing/Industrial 

• The ambition of driving India’s biopharma ecosystem growth to make the country a global manufacturing hub with an outlay of INR 10,000 crore will support demand for labs and R&D spaces while bringing in more global players and support India’s growth as a hub for clinical trial as well as more work for CROs.

• Electronics manufacturing growth with an outlay of INR 40,000 crore to support demand for contract manufacturing and bringing in global players with rising need for industrial set-ups, thus supporting demand for manufacturing real estate. 

• Rare Earth mining across four states to create employment as well as reduce global dependence on crucial raw materials.

• Container manufacturing outlay to drive demand for FTWZs and ICDs. 

REITs 

• Asset monetization of Central Public Sector Enterprises to help expand the REIT market and create depth and investment opportunities.

Infrastructure 

• Capital outlay increased to INR 12.2 lakh crore, up 9% y-o-y. 

• 20 new national waterways for additional connectivity. 

• 7 High speed rail corridors across the major metros to improve accessibility and ease of business 

Alternative assets

• Medical hubs and education townships in proximity to industrial, medical cities through private sector partnerships will create investment opportunities for setting up hospitals, diagnostic centres and is in line with the National Education Policy to ease the entry of foreign universities.

Tourism 

• 20 iconic tourist sites and 15 archaeological sites for public will create opportunities for creating hospitality-linked infrastructure while creating employment opportunities. 

Data Centres
 

• Tax holiday till 2047 for foreign cloud service companies will drive an increasing shift of cloud workloads to India thus supporting India’s growth as a global data center and AI hub. 

 Services Sector - Ease of Doing Business

• Safe harbour margin standardization and enhancement of turnover threshold to support Ease of Doing Business for ITeS firms, including GCCs,

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