Economic Priorities
Public capital expenditure is set at ₹12.2 lakh crore for FY27 to boost infrastructure and crowd in private investment. Focus areas include scaling manufacturing in seven strategic sectors, rejuvenating 200 legacy industrial clusters, and creating “Champion SMEs”. Services sector aims for a 10% global share by 2047, with tax rationalization for IT services.
Infrastructure Initiatives
Seven high-speed rail corridors and 20 new national waterways are planned to enhance connectivity. City Economic Regions (CERs) get ₹5,000 crore each over five years for urban clusters, prioritizing Tier II/III cities. A Container Manufacturing Scheme allocates ₹10,000 crore over five years.
Social and Sectoral Focus
New schemes target Divyangjan skilling, mental health (e.g., NIMHANS-2), and trauma care expansion. Agriculture sees high-value initiatives like Bharat-VISTAAR; healthcare includes five Medical Value Tourism Hubs. Energy security emphasizes battery storage, solar inputs, and critical minerals.
Budget Estimates
Total expenditure is estimated at ₹53.47 lakh crore, up 7.7% from 2025-26 revised figures. Major allocations: Defence (₹5.95 lakh crore), Transport (₹5.99 lakh crore), Rural Development (₹2.73 lakh crore). Tax changes include lower TCS on overseas tours/education (to 2%) and TDS tweaks for manpower services.