Finance Minister Nirmala Sitharaman announced the tax incentive in Budget 2026

GK and monthly revision
Budget 2026: Foreign companies to get tax-free ride till 2047 for betting on India's data centres
The Indian government has announced a significant tax incentive for foreign companies offering cloud services worldwide. These companies will receive a tax holiday until 2047 if they utilize data center services located within India. This move aims to attract global investment and bolster India's digital infrastructure, which is crucial for competitive exam preparation.
Revision structure
Key points
Exam-ready takeaways
The tax holiday will be applicable until 2047 for foreign companies offering cloud services worldwide
The benefit applies if these companies utilize data center services located within India
The move aims to attract global investment and strengthen India's digital infrastructure
This policy decision is expected to have a significant impact on India's economic growth and technological advancements
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