Union Budget 2026 Highlights Tax Reforms to Strengthen India’s Industrial Competitiveness

India Budget 2026: Tax Reforms to Help India Win the New Industrial Power Game

As anticipation builds for the Union Budget 2026, industry leaders and economists highlight the government’s intent to balance growth, fiscal discipline, and reform. The upcoming tax measures are expected to simplify compliance, enhance investor confidence, and strengthen India’s industrial base.

Key Highlights

• Tax Reforms: Rationalization of TDS rules and smoother implementation of the New Income Tax Act, 2025 to reduce disputes and litigation.
• Industrial Push: Incentives for manufacturing, MSMEs, and infrastructure, including accelerated depreciation and sector investments.
• Fiscal Discipline: Government aims to cap the fiscal deficit at 4.4% of GDP in FY26, reinforcing credibility with global investors.
• Growth Continuity: Focus on consumption, green energy, and defence spending, ensuring balanced development across sectors.
• Global Competitiveness: Reforms designed to attract private capital, spur innovation, and strengthen India’s role in global supply chains.

The Union Budget 2026 is shaping up to be a defining moment for India’s economic trajectory, with tax certainty and industrial reforms at its core.

Sources: Livemint, Financial Express, OneIndia, CNBCTV18, Business Today