Industry Trends

Govt to achieve fiscal deficit target of 4.4% in FY26, may even better it: PwC

India is poised to meet its fiscal deficit target of 4.4 percent of GDP for FY26. Experts suggest the government may even surpass this goal, sending a positive message to international investors about fiscal discipline. Despite a revised nominal GDP growth forecast, absolute figures align with budget estimates. This achievement is expected to bolster confidence in India's economic management.

Industry Trends

Explainer: Simplified Income Tax Act, 2025, to come into force from April 1

A new Income Tax Act, 2025, will replace the 1961 law on April 1, simplifying direct tax legislation and reducing its volume by 50%. The revenue-neutral act eliminates the distinction between assessment and previous years, introducing a single 'tax year' framework. Budget 2026-27 changes will be incorporated.

Industry Trends

CII calls for value unlocking of PSUs through fast-tracking privatisation

The Confederation of Indian Industry (CII) has urged the government to boost capital expenditure by adopting a strategic approach to privatization for the Union Budget 2026-27. CII proposes a demand-driven selection process, a three-year privatization pipeline, and an institutional framework to expedite disinvestment and unlock significant resources for national development.

Industry Trends

Budget 2026-27: In the AI race, India can't afford to jog

India's digital sector is emerging as a crucial "power-lifter" amidst global economic realignments, strengthening domestic resilience and expanding its international footprint. With significant investments in infrastructure and deep technology, India is poised to convert its digital scale into sustained leadership, leveraging its complex ecosystem for AI innovation and securing infrastructure sovereignty.