Bengaluru, Feb 1 (NationPress) Aparna Iyer, the Chief Financial Officer of Wipro Limited, expressed her approval of the Union Budget, highlighting its achievement in meeting the fiscal deficit targets for the financial year 2026, even in a highly volatile global landscape.

In a media statement issued on Sunday, she remarked that this accomplishment coincides with the tax rate rationalization for individuals announced in the previous budget and the GST rate adjustments made during the year.

Iyer emphasized that the budget articulates the government's vision to elevate the Indian IT services sector as a primary catalyst for economic growth, with Artificial Intelligence identified as a critical force multiplier.

By recognizing AI as central to driving and sustaining economic expansion, the government has reinforced its strategy to position India as an AI-powered economic superpower, according to Iyer.

She also noted that the proposal to offer long-term tax exemptions for data center services provided from India to international clients would facilitate India's emergence as a global data center hub.

Iyer further indicated that initiatives such as merging IT services and R&D services into a single category, raising the threshold limit for safe harbor, and establishing a two-year timeline for concluding unilateral Advance Pricing Agreements would enhance tax certainty and lower compliance costs for companies in the sector.

She welcomed the government’s efforts to further improve the ease of doing business, asserting that these reforms would assist enterprises across various sectors by alleviating operational challenges and bolstering India’s economic growth momentum.

Dr. Shravan, Managing Director of BPL Medical Technologies, remarked, “The Union Budget 2026–27 reaffirms the Government’s dedication to fortifying India’s healthcare ecosystem through sustained investments in infrastructure, domestic manufacturing, and technology-driven innovation.

The ongoing emphasis on expanding access to diagnostics, critical care, and advanced medical technologies represents a positive advancement towards creating a resilient and inclusive healthcare system,” he noted.

Support for enhancing manufacturing depth, skill development, and improved access in Tier 2, Tier 3, and underserved regions will be crucial in advancing the Make in India vision and establishing India as a trusted global hub for high-quality medical technologies, he added.

“We also anticipate continued progress on prior healthcare commitments, including the expansion of oncology infrastructure, which will be essential in addressing India’s growing cancer burden,” he concluded.