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.