Budget 2026: India Aims for 10% Global Services Output, Says NITI Aayog CEO

India's Finance Minister Nirmala Sitharaman waves as she holds a red folder bearing the Government of India's emblem, while posing with her officials before leaving her office to present the annual federal budget in parliament, in New Delhi, India, February 1, 2026. REUTERS/Altaf Hussain TPX IMAGES OF THE DAY

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CNBC TV18•01-02-2026, 15:56

Budget 2026: India Aims for 10% Global Services Output, Says NITI Aayog CEO

•NITI Aayog CEO BVR Subrahmanyam states Budget 2026 positions India as a global services hub, targeting 10% of global services output.
•The Budget shifts focus to export-oriented growth in health, education, and tourism, moving beyond domestic needs.
•Key initiatives include channeling green finance, removing tax hurdles, building city economic regions, and new freight corridors.
•Subrahmanyam identifies this as a 'services Budget,' building on previous Budgets' focus on jobs and manufacturing.
•Specific measures include a Standing Committee on services, medical hubs, university cities, AYUSH institutes, and a new East-West freight corridor from Dankuni to Surat.

Why It Matters: Budget 2026 marks India's strategic pivot to become a global services powerhouse, targeting 10% of global output.

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