Budget 2026 Big Boost for AI & IT Sector: In the Union Budget 2026–27, Finance Minister Nirmala Sitharaman announced a major incentive to position India as a global digital hub. Companies setting up data centres in India to provide cloud and AI services will receive tax holidays until 2047. The move aims to attract global IT investments, strengthen India’s cloud infrastructure, and support AI-driven growth. Foreign firms must route services to Indian customers through registered Indian resellers, creating local opportunities. A 15% safe harbour benefit further reduces tax risks. Experts say this policy will boost jobs, infrastructure, and long-term digital growth.<br /><br />~ED.447~
