New Delhi. Union Finance Minister Nirmala Sitharaman took a historic initiative by presenting the Budget 2026-27 in the Lok Sabha on Sunday. This is the first time that the country’s general budget on sunday were presented. In his budget speech the Finance Minister domestic manufacturing, energy security, employment, poverty alleviation, health, education, agriculture, MSME, infrastructure and financial reforms keeping in mind “Developed India” A detailed outline was put forward.

The Finance Minister said that the continuity of reforms in the last decade has strengthened the country’s economy and now the government aims to India to be developed nation by 2047 Have to make.

Changing health scenario, emphasis on biopharma power

Drawing attention to the rapidly changing disease pattern in the country, the Finance Minister said that in India now non-communicable diseasesDiseases—such as diabetes, cancer, and autoimmune diseases—are increasing rapidly. In such Biologics These are essential for longer life and better quality of life.

to india Global Biopharma Manufacturing Hub With the aim of making “Biopharma Shakti” Initiative has been announced. Under this, in the next five years Rs 10,000 crore will be invested. Its aim is to promote domestic production of biological drugs, advanced manufacturing, research and skilled human resources in the country.

New impetus to industry and manufacturing

within budget Semiconductor, Electronics, Chemicals, Capital Goods and Container Manufacturing Special emphasis was given to strategic areas like.

India in the next phase of semiconductor mission Industry-led research and training centers will be promoted. By increasing the outlay of Electronics Component Manufacturing Scheme Rs 40,000 crore It is proposed to do.

simultaneously Rare Earth Magnet, Chemical Park, Hi-Tech Tool Room And container manufacturing plan Through this, a target has been set to make India a strong partner in the global supply chain.

Support to textiles, sports goods and traditional industries

employment-intensive textile sector It was announced to carry forward the National Fiber Policy, Textile Expansion and Employment Scheme and Handloom-Handicraft Program in an integrated manner.

Along with this, India Global hub of sports content A dedicated initiative will be brought to create.

200 Heritage Industrial Clusters It is also proposed to revive the industries, so that traditional industries can get access to modern technology and markets.

MSME is the engine of development

Finance Minister gave importance to MSMEs for the economy. main engine Stating that it introduced a three-pronged strategy based on equity, liquidity and structural reforms.

Future Champions for SMEs Rs 10,000 crore Additional assistance will be provided in the Growth Fund and Self-reliant India Fund.

TReDS will be made mandatory for MSME procurement of PSUs to ensure timely payment.

Continued increase in infrastructure and capital expenditure

Government for the financial year 2026-27 Capital expenditure increased to Rs 12.2 lakh crore It is proposed to do.

To encourage private investment Infrastructure Risk Guarantee Fund Will be established. Apart from this, connecting seven cities high-speed rail plan Was also announced.

Banking, investment and tax reforms

within budget “Banking for developed India“It has been announced that a high-level committee will be formed.

Foreign investment rules will be simplified and modernized, while Corporate and municipal bond markets Measures have been taken to deepen it.

on the direct tax front New Income Tax Act, 2025 Will come into effect from 1 April 2026. Simplifying tax rules for common taxpayers Ease of Living Emphasis has been laid on increasing.

Focus on service sector, skills and employment

The government is now going to make the service sector the new basis of development. For this, from education to employment Standing High-level Committee Will be made.

in health sector Allied Health ProfessionalsCaregivers and plans to promote medical value tourism have been announced.

Education, Tourism and Environmental Protection

In the education sector, new academic hubs, girl hostels and expansion of astronomy infrastructure are proposed near industrial corridors.

Considering tourism as a major source of employment National Institute of Hospitalitytrained tour guides and Digital Destination Knowledge Grid Was announced.

under environmental protection Big Cat Conservationplans for eco-tourism and mountain and coastal trains came forward.

Agriculture, Rural Development and Inclusion

High-value crops in agriculture, horticulture, coconut, cashew, cocoa and sandalwood ecosystems will be supported.

for rural women “Mr. Marts”Special focus has been placed on skills and assistive technology for persons with disabilities, and mental health and trauma care.

Fiscal discipline and financial position

the government has Debt-GDP ratio 50% by 2030-31 Reiterated the goal of bringing around.

Fiscal deficit for financial year 2026-27 4.3 percent of GDP Expected to stay.

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