infrastructure News
Union finance minister Nirmala Sitharaman announced a nearly 9 per cent increase in capital expenditure to Rs 12.2 lakh crore for FY 2026-27, prioritizing infrastructure-led growth. The budget also introduces a risk guarantee fund to boost private participation and outlines initiatives for transport, logistics, and manufacturing to support future economic expansion.
Finance Minister Nirmala Sitharaman unveiled "India Semiconductor Mission 2.0" with a Rs 40,000 crore outlay to boost chip production, design, and workforce development. Additionally, a Rs 10,000 crore "Shakti" initiative aims to build the semiconductor ecosystem. The budget also prioritizes pharmaceutical advancements with new NIPERs and clinical trial networks, alongside support for rare earth manufacturing corridors.
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