Budget News: As India prepares for the Union Budget 2026-27, technology firms are advocating for increased investment in AI development, digital infrastructure, and innovation to enhance global competitiveness and job productivity.
Technology firms are expecting the Union Budget 2026-27 to push for development of the AI ecosystem, including innovation, digital infrastructure, across sectors, and provide liquidity in the market for its adoption.Finance Minister Nirmala Sitharaman will present the Budget on Sunday in Parliament.The Economic Survey tabled in Parliament on January 29 has recognised Artificial Intelligence (AI) as an economic strategy rather than a prestige technology race. It made a strong case for a bottom-up, multiple sector-specific approach grounded in open and interoperable systems to promote collaboration and shared innovation.Former Tech Mahindra CEO and Co-Founder and Vice Chairman of AI firm AIONOS, CP Gurnani said the Survey brilliantly captures India’s AI momentum with India’s world-class talent, diverse data assets and smart pivot to bottom-up innovation with smaller, domain-specific models that fit India’s reality perfectly. »India’s way forward is exciting, which is to leverage our engineering strength to create affordable, human-centric AI that solves local challenges first, then scales globally. This positions us not just as participants, but as leaders in the next wave of meaningful innovation », Gurnani said.Logistics sector-focussed software-as-a-service firm FarEye said the industry expects the Budget to focus on measures to improve reliability and global competitiveness and prioritise autonomous logistics orchestration as it is a key component of goods across the country and impacts every household.
