Published: 4 February 2026PIB / IndiaBudget.gov.in / PRS India / ClearTaxEconomy
Union Budget 2026-27: Biopharma SHAKTI, ₹40,000 Crore Electronics Scheme, Seven High-Speed Rail Corridors Announced
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Finance Minister Nirmala Sitharaman's Union Budget 2026-27 (presented February 1, 2026) raised capital infra outlay to ₹12.2 lakh crore, announced Biopharma SHAKTI (₹10,000 crore), a ₹40,000 crore electronics scheme, seven high-speed rail corridors, and a 30% hike in renewable energy allocation.
Finance Minister Nirmala Sitharaman presented Union Budget 2026-27 on February 1, 2026 — her ninth consecutive budget presentation. The total capital infrastructure outlay was raised to ₹12.2 lakh crore for FY 2026-27, up significantly from the previous year, signalling a continued push for infrastructure-led growth.
Key announcements include: (1) Biopharma SHAKTI — Strategy for Healthcare Advancement through Knowledge, Technology & Innovation — a dedicated ₹10,000 crore fund over five years to develop India as a global biopharma manufacturing hub; (2) Electronics Components Manufacturing Scheme — ₹40,000 crore allocated to strengthen India's semiconductor and electronics manufacturing ecosystem; (3) Seven High-Speed Rail Corridors to be developed as 'growth connectors' linking major cities, advancing environmentally sustainable passenger transport; (4) Renewable Energy Allocation raised 30% to ₹32,914 crore; (5) ₹10,000 crore SME Growth Fund for future champions.
For Rajasthan, the electronics and semiconductor push aligns with the state's March 2026 Semiconductor Policy and the Bhiwadi semiconductor ATMP/OSAT facility inaugurated on May 15, 2026; the officially listed high-speed rail corridors do not include a Delhi-Jaipur-Ahmedabad route. The renewable energy boost benefits the state's leading solar capacity.
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CoverageNationalSubjectEconomicExamBasic Computer Instructor · CET Graduation · CET Senior Secondary · EO/RO · LDC · Mahila Supervisor · Patwar · PTI · RAS · REET · RPSC SI · School Lecturer · Senior Computer Instructor · Senior Teacher · UPSC · Vanpal · BothSourcePIB / IndiaBudget.gov.in / PRS India / ClearTax
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What amount was allocated for the Electronics Components Scheme in Union Budget 2026-27?
Explanation · Correct answer CThe Electronics Components Scheme was allocated ₹40,000 crore in Union Budget 2026-27.
Frequently asked questions
What was the total capital infrastructure outlay in Union Budget 2026-27 and how does it compare to the previous year?
Union Budget 2026-27 raised the capital infrastructure outlay to ₹12.2 lakh crore. This represents a significant increase aimed at boosting physical infrastructure — roads, railways, ports, and urban amenities — to sustain India's economic growth momentum.
What is the Biopharma SHAKTI scheme announced in Budget 2026-27?
Biopharma SHAKTI is a ₹10,000 crore scheme announced in Union Budget 2026-27 to strengthen India's biotech and pharmaceutical sector. It aims to support research, manufacturing capacity, and export competitiveness in biologics, biosimilars, and active pharmaceutical ingredients (APIs).
What is the ₹40,000 crore electronics scheme announced in Budget 2026-27 and what is its goal?
The ₹40,000 crore electronics scheme announced in Union Budget 2026-27 targets domestic electronics manufacturing. Its goal is to reduce India's import dependence on electronics, boost production-linked investment, and position India as a global electronics manufacturing hub.
How many high-speed rail corridors were announced in Budget 2026-27 and what is their significance?
Seven high-speed rail corridors were announced in Union Budget 2026-27. These corridors aim to transform rail connectivity across major routes, reduce travel time, decongest conventional rail lines, and support India's ambition of a modern, high-speed rail network on par with global standards.
By what percentage was renewable energy allocation increased in Budget 2026-27 and why is this significant?
Renewable energy allocation was increased by 30% over the previous year in Union Budget 2026-27. This reflects India's commitment to its 2030 target of 500 GW of non-fossil fuel-based power capacity and its obligations under the Paris Agreement on climate change.
