Union Budget 2026-27
Insights
Union Budget 2026-27
A reform-led roadmap for India’s sustained growth
The Union Budget 2026–27 presents a reform-led roadmap for India’s long-term growth, structured around three kartavya paths—Sustained economic growth, Fulfil aspiration of people, and Sabka Saath, Sabka Vikas. These priorities are supported by targeted interventions to scale up manufacturing in strategic sectors, create champion MSMEs, and develop strategic economic regions. With semiconductors and rare earths taking centre stage, including the proposed India Semiconductor Mission 2.0 focused on industry-led R&D and talent development, the budget aims to build a resilient, inclusive, and future-ready economy.
Pre-budget expectations | Direct Tax
As India approaches Union Budget 2026, tax policy must move decisively beyond revenue mobilisation towards certainty, administrative discipline and institutional credibility. With robust tax collections and direct taxes contributing over half of total receipts in recent years, fiscal space now exists to prioritise predictability, dispute reduction and quality of administration.
Pre-budget expectations | Food and Agriculture
“Budget 2026 must move Indian agriculture beyond volume and subsidies toward quality, exports, innovation, and industry participation. Strategic investments across infrastructure, R&D, and large-scale programmes can position the sector as both globally competitive and domestically resilient.”- Ajay Kakra, Leader, Food and Agriculture, Government, Infrastructure and Development sector Advisory services
Pre-budget expectations | Transport and logistics
"As India approaches the Union Budget 2026, expectations from the transport and logistics sector are increasingly centred on policy interventions that move beyond incremental capacity creation toward enhancing competitiveness, sustainability, and deeper global integration", Rohit Chaturvedi, Partner, Transport and Logistics, Government, Infrastructure and Development sector Advisory Services
Pre-budget expectations | Technology
With the Union Budget 2026 approaching, discussions in the tech and business sectors are gaining momentum. Digital technology has become central to India’s growth. It influences how companies modernize, work together, and remain competitive in a digital global economy.
Union Budget 2025
India's path to global economic dominance
Outlook 2025 | Investment robustness to continue
• India's strong economic stability and growth across sectors have positioned it as an investment destination. Despite global geopolitical uncertainties, the ongoing resilience in mergers and acquisitions (M&A) activity is anticipated to contribute to a robust year in 2025. • Expect deal volumes to increase in the coming year.
Outlook 2025 | Food & Agri sector
The agriculture sector has registered continuous growth over the last five years. With a supportive policy environment, increasing use of technology, and enabling research, it is expected to witness growth in 2025 as well.