The next phase of India’s technology growth

Focused execution and policy coherence can help position India as a tech powerhouse

- SINDHU GANGADHARAN

As India heads into the Union Budget 2026-27, the technology sector finds itself at a decisive moment. Over the last decade, technology has become one of the strongest pillars of India’s economic growth, driving exports, enabling enterprise transformation, and creating large-scale employment. The next phase of growth will depend on how effectively existing policies are being leveraged. This Budget offers a chance to sharpen execution, deepen impact, and position India for sustained technology leadership.

India’s technology ecosystem today spans IT services, product engineering, global capability centres, startups, and emerging deep-tech domains. It has shown resilience through global uncertainty and continues to attract international demand. At the same time, the environment is changing rapidly. Advances in AI and deep tech are reshaping business models. Geopolitical shifts are influencing investment flows and supply chains. Talent requirements are evolving faster than ever. Policy must respond with focus, clarity, and speed.

Implementation must take centre stage

One of the strongest signals from industry engagement over recent years is the importance of implementation. India has articulated several forward-looking digital and technology policies, but their success depends on adoption. The Union Budget can play a critical role by strengthening coordination mechanisms and ensuring accountability.

Clear ownership, defined timelines, and outcome-linked funding should accompany major technology initiatives. Regulatory consistency across jurisdictions will reduce friction for businesses operating at scale. Equally important is sustained public-private dialogue. Continuous engagement between government and industry helps refine policies in real time and ensures they remain aligned with evolving market realities.