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Industry Sets Out Targeted Demands Ahead of India’s Budget 2026

Limited fiscal space shapes what the Budget can deliver.

Overview

  • Real estate developers urge a higher affordable-housing cap to roughly Rs 80–90 lakh, rationalised GST on residential and under-construction units, and larger home-loan interest deductions to revive mid-income demand.
  • AI leaders call for a national Compute Credit programme, recognition of data centres as essential infrastructure, and tax, power and customs relief to scale compute and accelerate adoption.
  • Healthcare voices press for policy depth, including a path toward public spending near 5% of GDP, rationalised GST and customs on equipment and diagnostics, and incentives to build domestic manufacturing capacity.
  • An ASSOCHAM survey places Make in India at the top of industry’s wish list, seeking cheaper long-term capital, wider PLI-style support, simpler compliance, faster credit for MSMEs, and relief from complex TDS/TCS rules.
  • Markets will track whether the Budget reaffirms the FY26 fiscal-deficit glide path, sets a tighter FY27 target, and sustains high public capex to crowd in private investment.