New Delhi, Feb. 2 -- Hitesh Sethia

The Union Budget 2026-27 strikes a pragmatic approach between fiscal prudence and growth.

It reinforces the role of infrastructure as the primary engine for sustainable economic growth. The increase in capex outlay to Rs.12.2 trillion, the proposal to commit Rs.5,000 crore for new City Economic Regions, the creation of dedicated rail and freight corridors, and new waterways are all measures aimed at ensuring inclusive development.

The proposal to offer a tax holiday till 2047 to foreign companies providing cloud services globally using Indian data centres will provide a major boost to the country's digital infrastructure, along with measures announced to harness the power of AI.

Equally important is ...