Budget 2026: Industry Seeks Policy Reforms, Not Grand Schemes

• Indian industry expects clarity, stability, and better implementation of existing policies in Budget 2026, rather than major tax cuts or new populist schemes.
• The government is likely to prioritize financial discipline, with limited capital expenditure increases, placing the burden of growth on private investment and consumption.
• Logistics, driven by PM Gati Shakti, requires better multimodal connectivity, investment in airport infrastructure, cargo handling, and regional air connectivity.
• Digital asset sector seeks policy improvements like reduced TDS and higher thresholds, while capital markets demand simpler, predictable capital gains rules.
• Manufacturing (sunrise sectors) hopes for policy stability and R&D incentives; real estate seeks tax clarity, single-window clearance, and simplified levies.

Why It Matters: Industry prioritizes policy stability and implementation over new schemes in Budget 2026, focusing on strategic growth.