Union Budget 2026–27: At a Glance

🏭 Manufacturing & Industry

Biopharma SHAKTI: ₹10,000 Cr to build India’s biologics & biosimilars industry

Semiconductor Mission 2.0: Strong push for electronics & chip manufacturing

Electronics Components Scheme: Expanded to ₹40,000 Cr

Container Manufacturing: ₹10,000 Cr to strengthen supply chains

🏗️ Infrastructure & Urban Growth

Capital Expenditure: Record ₹12.2 lakh Cr

7 High-Speed Rail Corridors planned as growth connectors

Infrastructure Risk Guarantee Fund to attract private investment

City Economic Regions: ₹5,000 Cr per city cluster

Seaplane connectivity for coastal & remote regions

🧵 Legacy & MSME Support

Upgrade of 200 old industrial clusters

3 New Chemical Parks

Mega Textile Parks + Gram Swaraj for khadi & handloom

SME Growth Fund: ₹10,000 Cr + ₹2,000 Cr top-up

💻 Digital Economy & AI

Bharat-VISTAAR: AI-based advisory for farmers

AI & emerging tech integrated into education and skilling

Tax incentives for global cloud providers using Indian data centres

🌾 Agriculture & Farmers

Allocation: ₹1.40 lakh Cr

AI-enabled farming, high-value crops, allied activities

New Coconut Development & Promotion Scheme

🎓 Education & Skills

Allocation: ₹1.39 lakh Cr

Girls’ hostels in every district (STEM focus)

University Townships near industrial corridors

Training for 10,000 tourist guides

🏥 Healthcare & Medical Tourism

Allocation: ₹1.07 lakh Cr

5 Regional Medical Hubs

3 New Ayurveda Institutes

1 lakh allied health professionals in 5 years

💼 Tax & Economic Reforms

New Income Tax Act, 2025 (effective April 2026)

Lower customs duties & TCS rates

Simplified compliance, reduced litigation

🎭 Culture, Sports & Creative Economy

AVGC labs in 15,000 schools

Revamped Khelo India Mission

15 heritage sites to be developed as tourism hubs

Bottom Line

Budget 2026–27 focuses on long-term growth through manufacturing, infrastructure, digital innovation, human capital and inclusive development.

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MANOJ ADHYAYI, Sr AI PROJECT MANAGER