Finance Minister Nirmala Sitharaman Unveils ₹23,000 Crore Incentive Plan to Drive Tech Investment

Budget 2026: Finance Minister Nirmala Sitharaman unveiled a ₹23,000 crore incentive plan to spur capital investment in emerging technologies, aiming to attract private funding and accelerate innovation across the economy.

Incentive Plan: The package offers tax credits, reduced interest rates, and streamlined approvals for projects in AI, renewable energy, digital infrastructure, and advanced manufacturing, with the goal of creating 50,000 new jobs over the next decade.

Budget Shift: The announcement signals a break from the 75‑year‑old budget tradition, prioritizing technology and job creation over conventional fiscal measures, and reflecting a new strategic focus on long‑term growth.

Economic Impact: PwC and KPMG analysts estimate the incentive could raise India’s capital expenditure by 15% in five years, boosting GDP growth and positioning the country as a global tech hub.