New Delhi, Feb. 1 -- The Union Budget 2026-27 has drawn widespread applause from India's industrial heavyweights. Industry captains across finance, mining, manufacturing, and consulting have noted a strategic focus on long-term tax certainty, infrastructure spending, and the strengthening of domestic supply chains. There is a palpable sense of optimism regarding the government's push for "Viksit Bharat".

For the financial sector, the big win came in the form of extended tax benefits for the International Financial Services Centre.

Sanjay Kaul, Managing Director and Group CEO of GIFT City, pointed out that the new measures are "significantly enhancing the country's offshore financial competitiveness. The extension of the tax deduction wi...