<h1>Tax incentives and fiscal realignment urged to spur investment, MSME growth, innovation, and sustainable economic transition.</h1> Fiscal guidance advocates tightening the fiscal deficit while maintaining capital expenditure, targeted subsidy rationalisation, and possible income tax relief to revive consumption. Recommended tax-policy changes include favourable treatment of bank deposit interest, GST reductions, higher income tax slabs, and expanded R&D and startup tax incentives. Support for MSMEs and Make in India initiatives-especially defence manufacturing-includes targeted PLI provisions, export facilitation, technology adoption, and regionally focused scaling through clusters and incentives for digitalisation and green practices. Education, skills, advanced research, and sustainability incentives are urged to underpin long-term competitiveness.