By Girish Rowjee, Co-founder & CEO, greytHR
“The Union Budget 2026-27 signals a decisive shift from policy design to a high-stakes execution phase for India’s workforce. While the budget maintains the significant tax relief and standard deductions established last year, its core strength today lies in the expansion of ‘compliance infrastructure’.
We are particularly encouraged by the landmark ₹10,000 crore SME Growth Fund and the introduction of ‘Corporate Mitras’ to institutionalize compliance support. These initiatives provide the foundation MSMEs need to scale globally. Furthermore, the focus on ‘Education-to-Employment’ and the operationalization of the Income Tax Act, 2025 validates our vision of a formal, skilling-driven economy.
With the capital expenditure target raised to ₹12.2 lakh crore, these measures collectively ensure that India’s growth is anchored by a tech-empowered and secure workforce.
At greytHR, we believe this focus on execution and digital public infrastructure will make smarter compliance a foundational pillar of Viksit Bharat.”