India, Feb. 2 -- The Federation of All India IT Associations (FAIITA) has commended the Union Budget 2026-27 for its strong and forward-looking emphasis on strengthening India's digital infrastructure and information technology ecosystem. The association said the Budget reflects a clear strategic intent to position India as a global digital and innovation hub.

FAIITA particularly welcomed the announcement of a tax holiday until 2047 for multinational corporations offering cloud services from India-based data centres. According to the association, this measure provides long-term policy certainty, encourages large-scale investments in data centres, and significantly enhances India's attractiveness as a trusted destination for global cloud,...