As India prepares for the Union Budget 2026, industry leaders and experts are sharing key expectations to strengthen economic growth and improve the business environment. According to KPMG, major focus areas for Budget 2026 should include greater tax clarity, simplified compliance, and faster dispute resolution mechanisms to enhance ease of doing business.

Why Budget 2026 Is Crucial for Businesses

Budget 2026 comes at a time when businesses are seeking stability, transparency, and predictable tax policies. Clear tax laws and quicker dispute resolution can reduce uncertainty, encourage investments, and boost confidence among domestic and foreign investors.

KPMG’s Key Budget 2026 Expectations

1. Greater Tax Clarity

KPMG emphasizes the need for clearer tax laws and consistent interpretations. Simplified tax provisions can:

  • Reduce litigation

  • Improve compliance

  • Help businesses plan long-term investments

Clear guidelines on direct and indirect taxes are essential for reducing confusion and disputes.

2. Faster Dispute Resolution

One of the major concerns for businesses is prolonged tax disputes. KPMG suggests:

  • Strengthening dispute resolution frameworks

  • Faster processing of appeals

  • Use of technology to reduce delays

Quick resolution of disputes can significantly improve the business ecosystem.

3. Simplified Compliance Procedures

Businesses expect fewer compliances and streamlined processes. Simplifying tax filings and reducing paperwork can save time and operational costs, especially for MSMEs and startups.

4. Boost to Ease of Doing Business

Improving tax administration, reducing unnecessary scrutiny, and adopting a more transparent approach can help India move higher in global ease of doing business rankings.

Impact on Indian Economy

If these recommendations are implemented in Budget 2026:

  • Businesses will face lower compliance burden

  • Investor confidence may increase

  • Legal disputes may reduce

  • Overall economic growth could accelerate

A business-friendly tax system supports innovation, expansion, and job creation.

What Businesses Are Hoping For

Industry players are hopeful that Budget 2026 will focus on:

  • Stable and predictable tax policies

  • Faster refunds and assessments

  • Reduced litigation

  • Digital-first tax administration

Such reforms can create a more supportive environment for growth.

Conclusion

Budget 2026 presents an important opportunity for the government to strengthen India’s business landscape. KPMG’s expectations around tax clarity and faster dispute resolution highlight the need for practical reforms that simplify compliance and promote ease of doing business. A transparent and efficient tax system can play a vital role in driving sustainable economic growth.