Union Budget FY 2026-27: A Push for India’s Services Exports

• Union Budget 2026-27 introduces a calibrated package of tax holidays, Safe Harbour reforms, and APA reforms to consolidate India's position as a global services export hub.
• Services exports clocked USD 348.4 billion in Apr–Jan FY26, touching ~10% of GDP in H1 FY26 — a structural shift from goods-led to services-led external sector.
• Relevance: GS-III (Economy — external sector, growth), Prelims (tax provisions, GCCs, APA/Safe Harbour).