Budget 2026-27: India's Growth Blueprint Unveiled - Manufacturing to Tax Reforms
Budget
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CNBC Awaaz•01-02-2026, 12:51
Budget 2026-27: India's Growth Blueprint Unveiled - Manufacturing to Tax Reforms
- •The Budget 2026-27 shifts focus from mere expenditure to strengthening manufacturing, MSMEs, services, infrastructure, energy security, and tax systems, aligning with the 'Viksit Bharat' vision.
- •Manufacturing is set to be a growth engine, emphasizing high-value, tech-based production, including biopharma, semiconductors, and reviving 200 industrial clusters.
- •Special schemes target rare earth magnets and three new chemical parks, alongside significant tax and customs relief for manufacturing units and trusted importers.
- •A three-tier strategy for MSMEs includes a ₹10,000 crore SME Growth Fund, ₹2,000 crore for the Self-Reliant India Fund, and mandatory TReDS for CPSE procurement.
- •Key initiatives cover medical tourism, health professional training, AVGC labs, design institutes, sports infrastructure, education, tourism, IT, data centers, infrastructure, energy security, and tax simplification.
Why It Matters: Budget 2026-27 outlines a comprehensive growth blueprint for 'Viksit Bharat' focusing on diverse economic sectors.
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