Step towards developed India 2047, know what are the big expectations of the tech industry from the government:

News India Live, Digital Desk: upcoming 1 February 2026 Finance Minister Nirmala Sitharaman is going to present her ninth budget (Union Budget 2026-27). This budget is coming at a time when India is on its way to becoming the fourth largest economy in the world. For the tech world and startup ecosystem, this budget is being considered not just a financial document, but a blueprint to implement the vision of ‘Developed India 2047’.

From promoting domestic manufacturing Artificial Intelligence (AI) From strengthening the infrastructure, the tech giants have put forward a long list of their demands before the government.

1. ‘Make in India’ and MSME: Emphasis on self-reliance

Domestic brands like Zebronics believe that to make India a global manufacturing hub, it is not just assembly but Component Manufacturing But we have to pay attention.

Major Demand: Special Fund for Electronics Manufacturing Clusters and MSMEs.

Income tax relief: Changes in the structure of personal income tax are expected to increase the ‘disposable income’ in the hands of the common man, thereby increasing the demand for electronic products.

2. Tax and GST reforms: Will home appliances become cheaper?

Panasonic India chief Tadashi Chiba PLI (Production Linked Incentive) Have advocated expanding the scheme and correcting the ‘inverted duty structure’ (higher tax on raw materials and lower on finished goods).

GST cut: There has been a demand to reduce GST and custom duty on essential components like compressor.

Benefit: If these demands are met, appliances like air conditioners, fridges and washing machines may become cheaper in the future.

3. Smartphone: No longer a luxury, ‘digital infrastructure’

TECNO Mobile and other smartphone manufacturers have described smartphones as the backbone of Digital India. Mobile prices are expected to increase by 5-7% in 2026 due to chip shortage and rising cost of goods (BoM).

Expectation of PLI 2.0: There is a demand to extend the smartphone PLI scheme beyond March 2026 and take the incentive to 6%.

Rural Access: Such policies are expected that will not limit the technology only to metro cities but will take it to remote villages at an affordable rate.

4. AI and future technology: The dream of ‘Sovereign AI’

Tech companies from budget 2026 AI (Artificial Intelligence) And larger allocations are expected in the field of cyber security.

Sovereign Compute Credits: Features like ‘Insta-Compute Wallet’ are being sought by startups to provide them with affordable and instant computing power to train AI models.

Skilling: A special vocational training fund has been sought for display tech and semiconductor assembly so that 5 lakh youth can be skilled in the next one year.

Important dates of Budget 2026