Keep pulling the thread on Nirmala Sitharaman.
India's Finance Minister Nirmala Sitharaman presented the budget for the fiscal year 2026-2027.
An outlay of 20,000 crore is proposed over the next five years for carbon capture, utilization, and storage (CCUS) technologies.
The Indian government will launch the BioPharma Shakti initiative with an outlay of 10,000 crores over the next 5 years to develop the country as a global biopharma manufacturing hub.
India will launch the India's Semiconductor Mission 2.0 (ISM 2.0) to produce equipment and materials, design full-stack Indian IP, and fortify supply chains.
A scheme for container manufacturing will be proposed with a budgetary allocation of 10,000 crores over a five-year period.
The Indian government will introduce a dedicated 10,000 crore SME growth fund to create future champion enterprises.
India's public capital expenditure is proposed to increase to 12.2 lakh crores for the financial year 2026-27.
The Indian government will develop seven high-speed rail corridors, including Mumbai to Pune and Delhi to Varanasi.
The Indian government has accepted the 16th Finance Commission's recommendation to retain the vertical share of tax devolution to states at 41%.
India's debt-to-GDP ratio is estimated to be 55.6% in the budget estimates for 2026-27, down from 56.1% in the revised estimates for 2025-26.
India's fiscal deficit is estimated to be 4.3% of GDP in the budget for 2026-27.
The new Income Tax Act 2025 will come into effect from April 1, 2026.