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.