Praveen Jaipuriar, CEO, CCL Products (India) Ltd. said"As the FMCG sector looks ahead to the Union Budget 2026–27, there is optimism around the government's continued focus on strengthening consumption and long-term growth. The GST rationalisation undertaken in 2025 was a welcome step and has provided a meaningful boost to consumption by improving affordability and simplifying taxation across key consumer categories like coffee and dairy. Such measures have helped reinforce demand momentum and build confidence across the FMCG value chain.
Looking ahead, the sector will be keenly watching for continued policy focus on agriculture. Further government support to help farmers improve production acreage and enhance output per hectare would be especially impactful, particularly for agri-linked sectors such as coffee. Measures that strengthen farm productivity and resilience not only support farmer incomes but also contribute to greater supply stability and long-term growth across the FMCG value chain.
Going forward, there is also an opportunity to strengthen India's export competitiveness through the development of more Free Trade Agreements. Markets such as Vietnam have demonstrated how extensive trade agreements can unlock significant export advantages. A sharper focus on FTAs can help Indian FMCG and coffee manufacturers expand their global footprint, improve price competitiveness, and access new markets."
Mr. Madhav Sheth, CEO, Ai+ Smartphone and Founder, NxtQuantum Shift Technologies said, "India's consumer tech landscape is on the brink of transformation, moving beyond just assembly lines. With the rise of AI-integrated devices that are increasingly sophisticated and costly, it's imperative that the 2027 Union Budget focuses on more than just scaling up. We need to incentivize deep value creation, pushing for substantial support in manufacturing essential components right here in India such as think camera modules, batteries, PCBs, enclosures, chargers and wearables.
Moreover, backing research, development, and the creation of intellectual property in system design and software-driven innovation is crucial.
Building a robust supply chain isn't merely a choice anymore; it's a necessity for our strategic future. This is the quickest path to lessen our reliance on China as the go-to hub for manufacturing and sourcing. By fortifying our position in this area, we ensure that India remains competitive on a global scale across all sectors."
Mr. Aniruddha Mehta, Chairman and Managing Director, Umiya Buildcon Ltd "The Union Budget 2026 is a key opportunity to strengthen India's real estate sector, particularly as urban housing demand continues to rise, with double-digit price growth observed in major cities over the past year. For developers, policy measures that enhance housing affordability, reduce financing costs, and incentivize sustainable development will be critical to sustaining growth and meeting rising demand.
Increasing tax benefits on housing loans under Section 24(b) could ease financial pressure on homebuyers, while enhancing incentives under Section 80-IBA for affordable housing projects would encourage developers to expand inclusive housing supply, addressing a nationwide shortfall of several million units.
With interest rates stabilising and urban housing demand remaining robust, a well-balanced budget that supports both buyers and developers can unlock investment, boost employment, and contribute meaningfully to India's infrastructure and economic goals in 2026."
- Group Captain C.S. Krishnadas (Retd), Chief Executive Officer, Umiya Buildcon Ltd "As India prepares for the Union Budget 2026, the telecom sector stands at a transformative juncture, driving the country's digital economy with a subscriber base of around 1.2 billion.
The sector is entering the 'Intelligence Era,' where networks are evolving from passive infrastructure into AI-native, self-healing, and secure ecosystems. Innovations in routing, switching, and data center networking, such as 400G/800G architectures, AI-optimised NPUs, lossless Ethernet, and co-packaged optics are enabling ultra-low latency, high-performance AI and cloud workloads.
While investments in network expansion and emerging technologies are creating new opportunities, targeted policy support in the upcoming budget could further catalyse growth. Strengthening production-linked incentives for indigenous design-led manufacturing, enhancing capex support for next-generation infrastructure, and promoting trusted domestic networking products will boost India's self-reliance and global competitiveness.
With industry revenues projected to grow and operators increasingly focusing on data-led services and future-ready networks, a forward-looking budget that balances investment incentives with digital inclusion goals will accelerate India's journey to a resilient, sovereign, and globally competitive telecom ecosystem in 2026."
As India continues to prioritise digital and physical infrastructure, the upcoming Budget is expected to play a key role in supporting telecom expansion, domestic manufacturing, and long-term infrastructure investments.
