Union Budget 2026 has provided clearer signals on capital allocation, tax certainty and long-term operating conditions, as the government sharpened its focus on services-led growth, manufacturing depth and digital infrastructure, said chief financial officers.
According to CFOs, the measures such as spanning semiconductors, data centres, cloud services and IT taxation, are likely to influence how companies plan investment, manage compliance risk and build workforce capacity over the coming years.
Acer India CFO Alok Dubey said the expansion of the India Semiconductor Mission with an outlay of ₹40,000 crore points to a sustained push to strengthen domestic electronics manufacturing and reduce dependence on global supply chains.
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“The launch of India Semiconductor Mission 2.0 underscores a decisive move to position India as a high-technology manufacturing hub,” Dubey said. According to him, this would support the broader computing hardware and IT ecosystem.
He also pointed out the Union Budget 2026’s recognition of data centres as strategic infrastructure and efforts to improve compute-ready environments align with rising demand for high-performance computing and artificial intelligence workloads across industries.
From a business perspective, Dubey said greater policy clarity around data infrastructure and deep-tech initiatives could help companies plan long-term investments, scale local research and development and expand enterprise and consumer offerings under the Digital India framework.
For IT services firms, the Budget’s tax and compliance measures were seen as particularly significant.
Virtusa Corporation CFO Amit Bajoria said Union Budget 2026 delivers a structural boost to the IT services sector by consolidating service categories, simplifying safe harbour tax provisions and accelerating advance pricing agreement processes.
“These steps are aimed at easing compliance and improving global competitiveness for both domestic and multinational IT firms,” Bajoria said.
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He added that long-term incentives for cloud and data centre investments offer greater visibility for capital planning, while clearer rules around taxation reduce uncertainty for companies operating across multiple jurisdictions.
Bajoria said the Budget’s emphasis on services-led growth, skilling and STEM capacity provides signals for how enterprises should approach workforce readiness and engineering depth in the years ahead.
“Enterprises can now plan talent pipelines and delivery models with greater confidence,” he said, noting that technology infrastructure investments ultimately shape cost structures and margins in IT services.
CFOs said that for businesses, the key takeaway from Union Budget 2026 is not just the scale of announced investments, but the degree of predictability it brings to taxation, capital expenditure and long-term operating environments.
