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Pre-Budget 2026: Targeted Sector Demands Rise as Markets Eye FY27 Deficit

Stakeholders press for execution-led capex, manufacturing, AI, housing, healthcare measures over broad tax tweaks.

Overview

  • Investors are focused on the FY27 fiscal deficit target and gross borrowing plan, with the Centre’s FY26 goal set at 4.4% of GDP and consolidation credibility in view.
  • Industry surveys urge a Make in India push through cheaper long-term capital, wider PLI coverage, rationalised customs, simpler compliance, and MSME credit using GST and e-invoice data.
  • AI leaders seek a national compute credit programme, large shared compute centres, data-centre status with assured green power, and clearer tax and data rules to accelerate adoption.
  • Real estate asks include raising the affordable housing price cap, reviving Section 80-IBA, formalising senior living, strengthening rental housing policy, and funding last‑mile urban infrastructure.
  • Healthcare and education voices call for policy depth, including movement toward 5% of GDP health spending with GST and customs fixes and domestic medtech manufacturing, plus skills-embedded higher education and AI-linked labs beyond metros.