Budget 2026 Expectations Live: Renewable Energy Industry Eyes Grid, Storage Support

"In 2025, India’s insurance ecosystem underwent a structural transformation starting with Sabka Bima Sabki Raksha reforms unlocking 100 % FDI % which will enhance capital availability, global competitiveness, and product diversity," Prantik Mitra, director, Client Advisory Group, Alliance Insurance Brokers, said.

Mitra urge for GST exemption on indivisual life and health premiums and clarity on tax incentives. The industry also looks forward to progress on composite licensing, reduced operational costs, and support the development of simpler, bundled products that are easier for customers to understand and afford, he added.

"The Union Budget 2026–27 is expected to play an important role in shaping the next phase of growth for India’s livestock sector," Divya Kumar Gulati, chairman, CLFMA said.

The industry calls for continued support under Pradhan Mantry Matsya Sampada Yojana to sustain export push alongside higher allocations for hatcheries and seed production, Gulati added. He also called for digital infrastructure and climate-resilient climate-resilient aquaculture to help scale operations.

The industry is expecting further duty relief on pond and hatchery equipment, quality feed inputs, and cold-chain and processing infrastructure, along with better GST rationalisation.

"As India enters the next phase of urban and Tier-2 expansion, Budget 2026 is an opportunity to structurally boost housing demand. Continued focus on affordable housing, more practical home loan tax benefits, and faster approvals through digital governance will be critical to unlocking end-user confidence and sustaining momentum across the real estate sector," Praveen Sharma, chief executive officer, REA India said.

Commenting on the need to fix transmission infrastructure, Laxit Awla, CEO, SAEL, stated that the 2026 Union Budget needs to frontload transmission infrastructure investments to fix grid stability and curtailment bottlenecks. It would entail strategic capital allocations to fast-track development of green energy corridors and deploy grid-scale battery storage with long-term offtake commitments. This will align evacuation capacity with generation reality, help cut congestion and improve utilisation.

Speaking about solar energy sector, Vinay Rustagi, Chief Business Officer at Premier Energies, said that the renewable sector has been a major priority area for the government and we expect more favourable announcements supporting the sector in this budget.

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