Union Budget Discussion

Insights into Union Budget 2026

Overview

The Council of EU Chambers of Commerce in India, with Deloitte as Knowledge Partner, hosted "Insights into Union Budget 2026: What Businesses Need to Know-Key Reforms, Incentives & Impact" on February 3, 2026, at the Deloitte Knowledge Center in Parel, Mumbai. The event allowed industry leaders to decode the new budget, which balances fiscal discipline with aggressive regulatory reforms to position India as a global manufacturing and services hub.

Core Themes and Key Discussions

Discussions centered on three "Kartavya" (duties): boosting demographic productivity, fulfilling public aspirations, and driving inclusive growth. Key highlights included a projected 7% economic growth rate backed by a ₹12.2 lakh crore infrastructure spend and a ₹10,000 crore SME fund. Tax reforms featured the new Income Tax Act, 2025 (dropping MAT to 14%), tax holidays for foreign cloud data centers until 2047, and digitized customs workflows like trust-based risk systems and 30-day duty deferrals to enhance the ease of doing business.

Events

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