Budget 2026: India Targets 10% Global Services Share, Addresses AI Job Shifts
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Storyboard•01-02-2026, 12:19
Budget 2026: India Targets 10% Global Services Share, Addresses AI Job Shifts
- •India aims for a 10% share of the global services market by 2047, making it central to its long-term economic strategy.
- •Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27, establishing an Education to Employment and Enterprise committee.
- •The committee will assess AI's impact on labor markets and skill requirements, addressing concerns about technology-led job disruption.
- •The budget includes targeted interventions for creative and digital industries, projecting a need for two million skilled workers by 2030 in AVGC sector.
- •A tax holiday until 2047 for foreign cloud service providers with in-country data centers aims to localize digital infrastructure.
Why It Matters: India's Budget 2026 focuses on boosting the services sector to achieve a 10% global share by 2047, while preparing for AI-driven job changes.
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