The Economic Times News

Budget should focus on widening tax base, investment incentive to further bolster growth: Report

The Union Budget 2026 should prioritise expanding the direct tax base and encouraging private investment. Freezing peak tax rates will boost growth and create jobs. Reforms should extend GST principles to direct taxes, focusing on policy certainty and compliance. Technology will drive base expansion, not rate hikes. Incentives will channel profits into productive assets, fostering manufacturing and R&D.