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The Economic Times

Business / The Economic Times

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Budget 2026: India's time for power move to cut reliance on China and others

India is strengthening domestic manufacturing and securing supply chains. The upcoming union budget will fund local production and build strategic buffers. This shift prioritizes economic resilience over cost efficiency. The nation aims to reduce reliance on imported energy, electronics, and defence equipment. Diversifying oil supplies and boosting local defence production are key strategies.

7 Jan 2026 1:06 pm