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India's Union Budget for FY27 is expected to focus on reducing the country's dependence on China for solar energy projects by implementing corporate tax reductions, GST exemptions, and improved financing options. Industry leaders are advocating for measures such as zero income tax on dividends from renewable energy special purpose vehicles, recognition of energy storage as a core asset, and enhanced incentives for domestic solar manufacturing to achieve the goal of 500GW of non-fossil energy by 2030.