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The Economic Times

Business / The Economic Times

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Budget's rare chance: Leveraging the new oil beneath Indias feet

Union Budget 2026: India possesses significant rare earth reserves, crucial for future industries like EVs and semiconductors. The government is actively promoting this sector through new missions and policy reforms. Budget 2025-26 can further boost rare earth processing and magnet manufacturing. This strategic focus aims to enhance India's economic growth and global influence.

7 Jan 2026 2:27 pm