Union Budget 2026: Five Key Sectors Poised for Significant Growth
Business
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Moneycontrol•01-02-2026, 18:13
Union Budget 2026: Five Key Sectors Poised for Significant Growth
- •Defence outlay increased by 17-18% to Rs 2.19 lakh crore, focusing on modernization and execution.
- •Railway capital expenditure up 8.5%, shifting focus to track and coverage from rolling stock.
- •Semiconductor sector receives Rs 1,000-1,500 crore for India Semiconductor Alliance and increased ECMS allocation to Rs 40,000 crore.
- •Biopharma SHAKTI initiative with Rs 10,000 crore aims to boost domestic production of biologics and biosimilars.
- •Rare Earth Corridors to be established in mineral-rich states to strengthen India's position in critical materials.
Why It Matters: Union Budget 2026 identifies Defence, Railways, Semiconductors, Biosimilars, and Rare Earth as key growth sectors.
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