As India moves closer to its Viksit Bharat and Atmanirbhar Bharat objectives, the Union Budget 2026-27 — scheduled for presentation by Finance Minister Nirmala Sitharaman on February 1, 2026, at 11 AM — is widely seen as a defining moment for structural reforms. With GDP growth projections hovering around 7% for FY26, controlled inflation, and a strong emphasis on manufacturing self-reliance and digital inclusion, the Budget is expected to deliver targeted support in areas such as electronics localisation, sustainable urban development, and workforce formalisation.
Industry voices from electronics, real estate, and HR technology are calling for policies that prioritise long-term enablers over temporary relief: investment in R&D and supply-chain resilience, incentives for green building and infrastructure, and simplified compliance frameworks backed by digital tools to boost entrepreneurship, job quality, and productivity.
Arijeet Talapatra, CEO, itel India:
“As India rapidly moves towards deeper digital inclusion, the upcoming Union Budget 2026 presents an excellent opportunity to accelerate the growth of the electronics industry through targeted interventions. Sustained and forward-looking policy support for semiconductors and high-end electronic components is critical towards reducing India’s import dependence – strengthening the domestic ecosystem and enhancing our global competitiveness. With industry efforts underway to localize key components manufacturing under the ECMS policy, focused fiscal support can help build resilient and stable domestic supply chains aligned with the Government’s vision of making a Viksit and Atmanirbhar Bharat. A dedicated push for innovation through investment schemes and R&D linked incentives will go a long way towards enabling tech brands to design next-generation devices – democratizing technology for millions of consumers across Bharat.”
Raahil Reddy, Director of Residential Projects, Fortune Primero:
“From a next-gen developer perspective, the sector today doesn’t need short-term incentives, but rather progressive policies with a futuristic outlook. What I would like to see in the upcoming Budget is a stronger push towards sustainable urban development – faster approvals for green buildings, incentives for energy-efficient design, water-positive planning, and the adoption of new-age construction technologies. These are not add-ons anymore; they are core expectations for today’s Gen Z and millennial homebuyers. Almost as important is infrastructure-driven development. A well-planned focus on mobility, last-mile connectivity, and infrastructure translates to a situation where developers can deliver communities, not just real estate, to enhance the lifestyle of people. Having access to structured, long-term capital, as well as stable regulatory frameworks, is essential for encouraging responsible development over and above speculatory growth. If the industry is to grow and develop policies that favor and reward transparency, innovation, and sustainability will be essential. If this Budget solidifies long-term planning with business viability, environmental considerations, and trust from our customers, it will encourage us developers to develop future-proof communities in India for its upcoming urbanization.”
Subramanyam S, CEO, AscentHR Technologies:
“India’s entrepreneurial energy is not constrained by ideas — it is constrained by complexity. A Budget that simplifies labour compliance and statutory reporting for start-ups will do more to support entrepreneurship than any number of grants. When founders can focus on growth instead of filings, the economy benefits.”
“With India’s new labour codes now a reality, the real test in the coming Budget will be whether policy moves from legislation to execution. Employers need clarity, digital readiness and compliance continuity — not just new rules. A strong Budget will be one that funds enforcement infrastructure, digitisation and transition support so businesses can implement the codes without operational shocks.”
“HRMS and payroll systems are no longer back-office tools — they are the digital backbone of India’s workforce. If the Budget recognises this and promotes enterprise-grade HR and payroll technology adoption, especially among MSMEs, it will directly improve tax compliance, social security coverage and employee trust across the economy.”
The common thread across these expert views is clear: Union Budget 2026 should focus on durable, systemic changes rather than one-off measures. In electronics, this means amplifying localisation and innovation incentives. In real estate, it calls for faster green approvals, infrastructure continuity, and stable capital access. In HR and startups, it demands reduced compliance burden, funding for labour code rollout, and promotion of digital workforce tools.
Such a balanced, forward-looking approach could significantly strengthen self-reliance in manufacturing, deliver climate-resilient and livable cities, formalise employment at scale, and unleash entrepreneurial potential — all critical pillars for India’s long-term economic resilience and inclusive prosperity.
Last Updated on: Thursday, January 22, 2026 12:30 pm by Indian News Bulletin Team | Published by: Indian News Bulletin Team on Thursday, January 22, 2026 12:30 pm | News Categories: News
About The Author
