The Union Budget 2026-27 presented on February 1, 2026 made sweeping announcements across defence, healthcare, and manufacturing.
Defence: The Ministry of Defence received a record allocation of ₹7.85 lakh crore — a 15.19% increase over Budget Estimates of 2025-26 — accounting for 14.67% of the total Union Budget. Capital outlay for defence services is estimated at ₹2,19,306 crore, a 17.6% increase over revised estimates of 2025-26, signalling a push for indigenisation under Make in India for Defence.
Healthcare: The Biopharma SHAKTI scheme was launched with a ₹10,000 crore outlay over five years to position India as a global biopharmaceutical hub — establishing three new NIPERs (National Institutes of Pharmaceutical Education and Research) and upgrading seven existing ones. Three new AIIMS and three new All India Institutes of Ayurveda were announced. Five Regional Medical Hubs integrating healthcare, education, research, AYUSH, and Medical Value Tourism Facilitation Centres are to be developed. Health Ministry total allocation: ₹1,06,530 crore (a nearly 10% increase over 2025-26).
Manufacturing: The budget identified seven strategic frontier sectors — pharmaceuticals, semiconductors, rare-earth magnets, chemicals, capital goods, textiles, and sports goods — for manufacturing scale-up. Renewable energy sector allocation was raised 30% to ₹32,914 crore.
Rajasthan relevance: Rajasthan has India's largest solar energy installed capacity; the 30% increase in renewable energy allocation directly accelerates state-level solar and wind projects. The textile sector focus benefits Bhilwara's synthetic textile cluster and Jodhpur's handicraft exports. Rajasthan Medical College and associated health infrastructure stands to benefit from expansion of the AIIMS network and Regional Medical Hubs.