Sitharaman Unveils 7 Strategic Sectors in Budget 2026-27: Biopharma to Semiconductors

• Finance Minister Nirmala Sitharaman proposed seven strategic and frontier sectors in the Union Budget 2026-27.
• Key sectors include 'Biopharma Shakti' with a Rs 10,000-crore outlay and India Semiconductor Mission 2.0 (ISM 2.0).
• Biopharma Shakti aims to make India a global biopharma manufacturing hub, focusing on biological medicines for non-communicable diseases.
• ISM 2.0 will focus on producing equipment, materials, designing Indian IP, and strengthening supply chains in semiconductors.
• Other sectors include rare earths corridor, chemical parks, strong capital goods, and textiles, with increased outlay for electronics manufacturing.

Why It Matters: Budget 2026-27 prioritizes 7 strategic sectors, including biopharma and semiconductors, for economic growth and self-reliance.