Budget 2026: Key focus areas of FM Sitharaman's Union Budget - check important documents

FM Sitharaman observed that the global environment remains challenging, with trade and multilateral systems facing disruptions, while access to resources and supply chains continues to be affected. Rapid technological changes are also transforming production systems and increasing pressure on water, energy, and critical mineral resources.

Under the first “kartavya” of sustaining economic growth, the Budget proposed measures across six major areas:

• Expanding manufacturing in seven strategic and frontier sectors
• Revitalising traditional industrial sectors
• Building “Champion MSMEs”
• Providing a major boost to infrastructure
• Securing long-term energy stability and security
• Developing City Economic Regions

To strengthen India’s position as a global biopharma manufacturing centre, the government proposed the Biopharma SHAKTI initiative with an outlay of ₹10,000 crore over five years to develop an ecosystem for domestic production of biologics and biosimilars.

Recognising MSMEs as a key driver of economic growth, the government proposed a dedicated ₹10,000 crore SME Growth Fund to support the emergence of future industry champions by incentivising enterprises based on selected criteria.

The Finance Minister stated that public capital expenditure has increased significantly from ₹2 lakh crore in FY2014-15 to ₹11.2 lakh crore in the Budget Estimates for FY2025-26. For FY2026-27, the allocation has been proposed at ₹12.2 lakh crore in order to maintain the momentum in infrastructure and development spending.

What were the main focus areas of Budget 2025? You can track all the important documents related to Union Budget 2026-27 at this Google Pinpoin collection.

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