India Union Budget 2026-27 - An Overview
Apr 28
1 min read
The Union Budget 2026 outlines a clear roadmap for long-term growth aligned with the vision of Viksit Bharat 2047, with a strong focus on future-ready sectors, ease of doing business, and fiscal prudence.
Key highlights include:
Policy push for clean energy, nuclear power, and carbon capture initiatives.
₹40,000 crore allocation to India Semiconductor Mission 2.0 and tax holiday till 2047 for foreign cloud service providers.
Manufacturing boost for biopharma, chemicals, capital goods, and textiles.
Tax reforms including rationalization of TDS/TCS, transfer pricing relief, and a proposed voluntary disclosure scheme for foreign assets.
Relief for individuals through lower TCS on overseas education and travel and a more pragmatic penalty framework.
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