FM Sitharaman’s 7-Point Plan To Make India The Global Tech Hub

Finance Minister Nirmala Sitharaman has outlined an ambitious roadmap to decentralize India's Global Capability Centers (GCCs), shifting focus from saturated metros to thriving Tier-2 and Tier-3 cities like Visakhapatnam, Chandigarh, and Mysore. This strategy aims to foster balanced regional development while leveraging lower operational costs. The 2026-27 Union Budget introduces critical reforms, including a unified safe harbor regime, simplified transfer pricing, and the creation of university townships. By fostering industry-academia partnerships and strengthening digital infrastructure, the government intends to transition India from a cost-efficient destination into a globally leading innovation hub for AI, engineering design, and enterprise product development.