Sectoral Demands Converge Ahead of 2026 Union Budget: Industry Lobbying Intensifies Before Sitharaman's Fiscal Address

With Finance Minister Nirmala Sitharaman's 2026 Union Budget address scheduled for 1 February, industry stakeholders have intensified lobbying efforts, presenting a consolidated set of fiscal demands to the Centre. Analysis of pre-budget submissions reveals key thematic priorities across manufacturing, technology, and services sectors, focusing on tax rationalization, infrastructure investment, and regulatory simplification. The technology sector is advocating for enhanced R&D incentives and data governance frameworks, while manufacturing groups emphasize production-linked incentive extensions and import duty adjustments. Services industries, particularly tourism and hospitality, are pushing for GST rate reductions and targeted stimulus measures. Observers note that these demands reflect broader economic recovery concerns amid global headwinds, with industry bodies seeking policy continuity while addressing sector-specific pain points. The budget's reception will hinge on its balance between fiscal prudence and growth stimulation, as Sitharaman navigates competing priorities in her seventh consecutive budget presentation. Stakeholders await indications of long-term strategic direction beyond immediate relief measures.