The proposed changes are largely based on suggestions made by the Company Law Committee (CLC), which was set up by the government to review corporate laws.
The policy promises long term certainty for foreign investors and data centre expansion, but Indian cloud founders warn it may deepen reseller dependence unless parallel incentives are created to support domestic platforms and technology ownership.
Prime Minister Narendra Modi said the budget empowers women, energises reforms, supports youth aspirations, strengthens MSMEs, and balances fiscal discipline with growth, while positioning India as a trusted global partner and future third largest economy.
India’s Union Budget 2026 has laid out an ambitious but fiscally cautious roadmap, with the government placing big numbers on the table for spending, taxation, borrowing and deficit reduction