Budget 2026: MeitY Allocation Jumps to ₹21,633 Crore, Focus on AI and Semiconductors

• MeitY's allocation for FY2026–27 increased to ₹21,632.96 crore, up from ₹20,232.95 crore in the previous Budget Estimates.
• The Budget reflects a clear policy shift towards artificial intelligence, semiconductors, and electronics manufacturing.
• Modified Semiconductor and Display Manufacturing Programme allocation nearly doubled to ₹8,000 crore, emphasizing domestic chip fabrication.
• IndiaAI Mission received ₹1,000 crore, and Electronics Components Manufacturing Scheme funding rose to ₹1,500 crore.
• Digital India programme saw increased funding for cybersecurity, while PLI for large-scale electronics manufacturing was reduced.

Why It Matters: Budget 2026 significantly boosts MeitY funding, prioritizing AI, semiconductor manufacturing, and domestic electronics production.