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The Economic Times

Economy / The Economic Times

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Budget 2026: Manufacturing push, PLI schemes boost domestic production

India's new budget champions manufacturing, aiming to significantly increase its contribution to the nation's GDP. Key sectors like semiconductors, electronics, and textiles receive substantial funding. Initiatives like the Biopharma SHAKTI program and production-linked incentives are designed to build domestic capacity and reduce reliance on imports. This strategic focus supports job creation and economic growth.

1 Feb 2026 11:53 pm