While giving information about the budget proposals after the budget, Finance Minister Nirmala Sitharaman said that our effort is to create a path for the economy and promote it to maintain the pace of growth. For sustained economic growth, it is necessary to create an ecosystem with structural reforms to create an environment for improved productivity and employment generation. The proposal to invest Rs 10,000 crore in the biopharma sector over the next five years ensures that India will maintain its lead in this sector.
Infrastructure will get a big boost
Finance Minister Nirmala Sitharaman on Sunday said the government has increased the capital expenditure (capex) target for FY 2027 to Rs 12.2 lakh crore. This is more than the Rs 11.2 lakh crore fixed for the current financial year. While presenting the Union Budget 2026-27 in the Lok Sabha, he announced several important measures to strengthen the infrastructure in the country. The Finance Minister said that the government will continue to focus on infrastructure development in Tier-2 and Tier-3 cities. “The budgeted capex of Rs 12.2 lakh crore for FY2027 is 4.4 per cent of GDP, the highest ever, he said at the post-Budget press conference.
There is also a proposal to establish a risk guarantee fund.
Apart from this, the government has also proposed to set up a risk guarantee fund for the infrastructure sector, which will encourage investment in this sector. The Finance Minister also said that a new scheme will be introduced to strengthen construction and infrastructure equipment, which will promote domestic manufacturing. The government will also support professional institutes like ICAI and ICSI so that they can design short-term modular courses as per the needs of the industry.
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