{"id":19345,"date":"2026-02-13T15:18:18","date_gmt":"2026-02-13T09:48:18","guid":{"rendered":"https:\/\/theeducationoverview.in\/?p=19345"},"modified":"2026-02-13T15:18:18","modified_gmt":"2026-02-13T09:48:18","slug":"union-budget-fy-2026-27-manufacturing-sector-driving-indias-next-growth-phase","status":"publish","type":"post","link":"https:\/\/theeducationoverview.in\/?p=19345","title":{"rendered":"Union Budget FY 2026-27: Manufacturing Sector Driving India\u2019s Next Growth Phase"},"content":{"rendered":"

Union Budget FY 2026-27: Manufacturing Sector Driving India\u2019s Next Growth Phase<\/strong><\/span><\/h2>\n

Posted On: 12 FEB 2026 11:36AM by PIB Delhi<\/strong><\/span><\/p>\n\n\n\n
\n\n\n\n
Key Takeaways<\/strong><\/span><\/p>\n
    \n
  • India\u2019s manufacturing performance strengthened with\u00a0GVA growth of 7.72% in Q1 and 9.13% in Q2 in FY 2025-26<\/strong><\/span><\/li>\n
  • Medium- and high-technology industries contributing 46.3% of India\u2019s manufacturing value added<\/strong><\/span><\/li>\n
  • Union Budget 2026-27\u00a0focuses on scaling up manufacturing across seven strategic and frontier sectors<\/strong><\/span><\/li>\n
  • Basic Customs Duty exemption granted\u00a0on inputs for products ranging from\u00a0seafood\u00a0to\u00a0microwave ovens\u00a0and\u00a0footwear\u00a0to\u00a0aircraft manufacturing.<\/strong><\/span><\/li>\n
  • Union Budget 2026-27 promotes creating champion SMEs with\u00a0\u20b910,000 crore SME Growth Fund and\u00a0\u20b92,000 crore top-up to Self-Reliant India Fund<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Introduction<\/strong><\/span><\/p>\n

    India has emerged among the fastest-growing industrial economies, demonstrating resilience amid uneven global industrial performance. While global manufacturing output expanded modestly by 0.7% in the third quarter of calendar year 2025 ,\u00a0India recorded manufacturing output growth of 1.3%\u00a0\u00a0during the same period. This performance reflects the strength of domestic fundamentals and sustained policy support for industrial expansion.<\/strong><\/span><\/p>\n

    Manufacturing today sits as the engine of growth for India\u2019s ambition to become a\u00a0$35 trillion economy by 2047, with reforms, sectoral initiatives, and resilient supply chains. \u00a0Recognising this importance, the\u00a0Union Budget 2026-27\u00a0has reinforced support for manufacturing through targeted measures focusing on investment incentives , innovation , infrastructure development , and industrial ecosystem strengthening . \u00a0<\/strong><\/span><\/p>\n

    Building on the three defined\u00a0Kartavyas ,<\/em>\u00a0the manufacturing sector is poised to drive India\u2019s growth,\u00a0employment generation, export competitiveness, and long-term economic transformation.<\/strong><\/span><\/p>\n

    Performance of India\u2019s Manufacturing Sector<\/strong><\/span><\/p>\n

    \nManufacturing sector is emerging as a key pillar of India\u2019s growing industrial momentum. With capital support and policy-led reforms, recent data across production, investment, and business sentiment indicators point to sustained strengthening in industrial and manufacturing activity.<\/strong><\/span><\/p>\n

    India\u2019s Industrial and Manufacturing Momentum Strengthens<\/strong><\/span><\/p>\n

    India\u2019s industrial activity continues to gain strength, with real Industry GVA growing at 7% year-on-year in the first half of FY 2025-26.\u00a0\u00a0\u00a0This momentum carried further into the year as\u00a0industrial production rose 7.8% in December 2025, the\u00a0strongest expansion in over two years, after registering a high growth of 7.2%(RE) in November 2025. \u00a0<\/strong><\/span><\/p>\n

    This expansion, also reflected in the Index of Industrial Production (IIP), is\u00a0primarily driven by the manufacturing sector registering a growth of 8.1% in December 2025. Within this, strong growth was recorded in computer and electronic products (34.9%), motor vehicles and trailers (33.5%), and other transport equipment (25.1%).<\/strong><\/span><\/p>\n

    Manufacturing performance has strengthened further in recent quarters, with\u00a0GVA growth of 7.72% in Q1 and 9.13% in Q2 in FY 2025-26\u00a0, supported by a gradual shift towards higher-value production, improved industrial infrastructure, and wider adoption of technology and formalisation, together reflecting rising industrial capability across the sector.<\/strong><\/span><\/p>\n

    Confidence Builds as Demand and Business Expectations Improve<\/strong><\/span><\/p>\n

    Forward-looking indicators continue to reflect optimism in India\u2019s industrial sector, with the manufacturing Purchasing Managers\u2019 Index (PMI) remaining firmly in expansion zone (well above the 50 mark) since March 2023. \u00a0\u00a0In January 2026, PMI stood at 55.4 , above its long-run average, indicating continued improvement in the sector\u2019s health.\u00a0\u00a0<\/strong><\/span><\/p>\n\n\n\n
    RBI\u2019s Industrial Outlook Survey of the Manufacturing Sector<\/strong><\/span><\/p>\n
      \n
    • The business assessment index\u00a0improved in Q2 FY 2025-26 compared to Q1\u00a0with expected ease in pressures from cost of raw material, financing cost and salary outgo.<\/strong><\/span><\/li>\n
    • For\u00a0Q3 FY 2025-26, manufacturers remained optimistic\u00a0about demand and expecting lower cost pressures, better price realization, and stable business sentiment.<\/strong><\/span><\/li>\n
    • Demand conditions are expected to strengthen further in Q4 FY 2025-26 and Q1 FY 2026-27.<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      Industrial Expansion Supported by Core Sectors<\/strong><\/span><\/p>\n

      On the output front, sectoral trends indicate that both heavy industry and light manufacturing are supporting overall growth. The\u00a0Index of Eight Core Industries (ICI) stood at 175.7 in December 2025 , recording a provisional growth of 3.7%\u00a0compared to December 2024 , with cement, steel, electricity, fertilizer, and coal registering positive production growth during the month. \u00a0<\/strong><\/span><\/p>\n\n\n\n\n\n\n
      Cement:\u00a0India remains the\u00a0world\u2019s second-largest cement producer, with\u00a0production reaching around 453 million tonnes in FY25\u00a0, supporting infrastructure and construction expansion.<\/strong><\/span><\/td>\n<\/tr>\n
      Steel:\u00a0India ranks as the\u00a0world\u2019s second-largest crude steel producer, with crude steel\u00a0production rising by 11.7%\u00a0during April-October FY 2025-26\u00a0compared to last year.\u00a0Finished steel production also increased by 10.8% during this period. \u00a0<\/strong><\/span><\/td>\n<\/tr>\n
      Coal:\u00a0India\u2019s coal industry reached historic heights in\u00a0FY25,\u00a0producing 1,047.52 MT of coal, a 4.98% increase from the previous year.<\/strong><\/span><\/td>\n<\/tr>\n
      Chemicals & Petrochemicals:\u00a0With\u00a0production\u00a0of major chemicals and petrochemicals\u00a0reaching 58,617 thousand tonnes in FY25\u00a0,\u00a0the sector continues to support industrial development through strong linkages and multiple downstream industries. \u00a0\u00a0\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      \n\n\n\n\n\n\n\n\n
      Table 1: India\u2019s Core Input Industries Show Strong Decadal Growth\u00a0(Val in million tonnes)<\/strong><\/span><\/td>\n<\/tr>\n
      Core Input Industries<\/strong><\/span><\/td>\nFY15<\/strong><\/span><\/td>\nFY25<\/strong><\/span><\/td>\n<\/tr>\n
      Cement<\/strong><\/span><\/td>\n270.00<\/strong><\/span><\/td>\n453.00<\/strong><\/span><\/td>\n<\/tr>\n
      Finished Steel<\/strong><\/span><\/td>\n81.86<\/strong><\/span><\/td>\n146.69<\/strong><\/span><\/td>\n<\/tr>\n
      Coal<\/strong><\/span><\/td>\n609.18<\/strong><\/span><\/td>\n1,047.52<\/strong><\/span><\/td>\n<\/tr>\n
      Source: Economic Survey 2025-26<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      India\u2019s Manufacturing Sector Expanding its Global Presence<\/strong><\/span><\/p>\n

      The Economic Survey 2025-26 highlights that\u00a0medium- and high-technology industries now contribute 46.3% of India\u2019s manufacturing value added, signalling a gradual shift towards more sophisticated production structure. \u00a0This transition places India among a smaller group of middle-income economies steadily advancing up the manufacturing value chain. Reflecting these gains, India\u2019s global industrial competitiveness has improved, with the country\u2019s\u00a0ranking in the Competitive Industrial Performance (CIP) index rising to 37th<\/sup>\u00a0in 2023 from 40th<\/sup>\u00a0in 2022. \u00a0<\/strong><\/span><\/p>\n

      Manufacturing has also contributed in strengthening India\u2019s export performance.\u00a0In FY26 each of the first three quarters recorded their highest-ever export levels.\u00a0\u00a0Further, during April-December 2025, exports amounted to USD 634.3 billion, marking a further 4.3% year-on-year growth , emphasizing sustained resilience in external trade performance.<\/strong><\/span><\/p>\n\n\n\n
      Role of MSMEs in Manufacturing<\/strong><\/span><\/p>\n

      Micro, Small and Medium Enterprises (MSMEs)\u00a0remain central to India\u2019s industrial economy,\u00a0contributing about 35.4% of manufacturing output, 48.58% of exports, and 31.1% of GDP, while employing over 32.82 crore people across 7.47 crore enterprises, making them the\u00a0second-largest employer after agriculture.<\/strong><\/span><\/p>\n

      As India\u2019s manufacturing integrates further with global markets,\u00a0MSMEs play a vital role in strengthening supply chains, promoting local value addition, and supporting inclusive regional development.<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      Budget 2026-27: Major Initiatives to Boost Manufacturing<\/strong><\/span><\/p>\n

      The Union Budget 2026-27,\u00a0unveiled a comprehensive set of measures aimed at accelerating economic growth through promoting manufacturing in strategic and frontier sectors. \u00a0These announcements build on the government\u2019s agenda and address both immediate needs (like tax reliefs and customs reforms) and long-term capacity development (like new industrial missions and cluster schemes).<\/strong><\/span><\/p>\n

      Strategic Sector Initiatives and Industrial Ecosystem Development<\/strong><\/span><\/p>\n

      The Budget launched new schemes and programmes focusing on high-impact and emerging industries to drive the next phase of industrial growth, with a\u00a0focus on scaling up manufacturing across seven strategic and frontier sectors.<\/strong><\/span><\/p>\n

        \n
      • Rejuvenation of Legacy Industrial Clusters:\u00a0A scheme to revive\u00a0200 legacy industrial clusters\u00a0through infrastructure and technology upgradation to improve competitiveness and efficiency through infrastructure and technology upgradation. \u00a0<\/strong><\/span><\/li>\n
      • Biopharma SHAKTI:\u00a0With an outlay of\u00a0\u20b910,000 crore over five years, the scheme aims to position India as a global manufacturing hub for biologics and biosimilars. \u00a0It aims to expand research capacity, set up 3 new and upgraded National Institutes of Pharmaceutical Education and Research (NIPER) institutes, a network of 1000+ clinical trial sites, and strengthen Central Drugs Standard Control Organisation (CDSCO). \u00a0<\/strong><\/span><\/li>\n<\/ul>\n

        Semiconductor Mission 2.0:\u00a0Building on earlier initiatives, the programme focuses on\u00a0production of semiconductor equipment and materials, designing of full stack Indian IP, fortifying supply chains, and creation of industry-led research and training centres. \u00a0<\/strong><\/span><\/p>\n

          \n
        • Dedicated Chemical Parks:\u00a0Support for states to establish\u00a0three chemical parks\u00a0on a\u00a0cluster-based\u00a0plug-and-play model\u00a0to boost domestic production and reduce import dependence. \u00a0<\/strong><\/span><\/li>\n
        • Electronics Components Manufacturing Scheme (ECMS):\u00a0To capitalise on the momentum of investment commitments beyond set targets and to accelerate domestic component manufacturing, outlay increased from\u00a0\u20b922,919 crore to \u20b940,000 crore. \u00a0<\/strong><\/span><\/li>\n
        • Rare Earth Permanent Magnets and Corridors:\u00a0Building on the Scheme for Rare Earth Permanent Magnets was launched in November 2025,\u00a0development of dedicated rare earth corridors\u00a0will be developed in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to promote mining, processing, research, and manufacturing. \u00a0<\/strong><\/span><\/li>\n
        • Sports Goods Manufacturing Initiative:\u00a0Focused support to enhance manufacturing, research, and innovation in sports equipment and material sciences. \u00a0<\/strong><\/span><\/li>\n
        • Hi-Tech Tool Rooms in Central Public Sector Enterprises (CPSEs):\u00a0Establishment of precision tool manufacturing, training and design facilities within CPSEs to support manufacturing innovation and skilling. \u00a0<\/strong><\/span><\/li>\n
        • Construction and Infrastructure Equipment (CIE) Scheme:\u00a0New scheme to strengthen domestic manufacturing of high-value and technologically-advanced CIE. \u00a0\u00a0<\/strong><\/span><\/li>\n
        • Container Manufacturing Scheme:\u00a0\u20b910,000 crore allocation over five years\u00a0to build a globally competitive container manufacturing ecosystem. \u00a0<\/strong><\/span><\/li>\n
        • Dedicated Measures for Textile Sector:\u00a0Launch of an\u00a0integrated textile programme\u00a0covering fibre self-reliance, modernization of clusters, strengthening handloom and handicrafts, promotion of sustainable textiles, and upgrading textile skilling under Samarth 2.0. \u00a0<\/strong><\/span>\n
            \n
          • \n
              \n
            • Mega Textile Parks\u00a0to be developed in challenge mode, with focus on value addition including technical textiles.\u00a0\u00a0<\/strong><\/span><\/li>\n
            • Launch of\u00a0Mahatma Gandhi Gram Swaraj initiative\u00a0to strengthen khadi, handloom and handicrafts through improved training, skilling, production quality, branding, and global market linkages benefiting rural industries and artisans.\u00a0\u00a0<\/strong><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
            • Recognising MSMEs as a key growth engine:\u00a0A three-pronged approach has been proposed to help MSMEs emerge as future industry champions, including a dedicated\u00a0\u20b910,000 crore SME Growth Fund to support high-potential enterprises. \u00a0\u00a0Additionally, the Self-Reliant India Fund will be strengthened with a \u20b92,000 crore top-up to continue providing risk capital support to micro enterprises. \u00a0<\/strong><\/span><\/li>\n<\/ul>\n

              Tax and Customs Reforms to Promote Manufacturing<\/strong><\/span><\/p>\n

              To complement the above sectoral interventions,\u00a0The Union Budget 2026-27\u00a0introduced a series of\u00a0tax incentives and customs duty reforms\u00a0fine-tuning the tax regime to make it more manufacturing-friendly and export-supportive. Key measures include:<\/strong><\/span><\/p>\n

                \n
              • Exemption from income tax for five years\u00a0to non-residents providing capital goods, equipment or tooling, to any toll manufacturer in a bonded zone.<\/strong><\/span><\/li>\n
              • Provision of safe harbour\u00a0to non-residents for component warehousing in a bonded warehouse.<\/strong><\/span><\/li>\n
              • Deferred duty payment\u00a0window to trusted manufacturers.<\/strong><\/span><\/li>\n
              • Increase the limit for duty-free imports of specified inputs\u00a0used for processing seafood products for export, from the current 1 per cent to 3 per cent of the FOB value of the previous year\u2019s export turnover.<\/strong><\/span><\/li>\n
              • Duty-free imports of specified inputs extended to export of shoe uppers\u00a0in addition to leather or synthetic footwear.<\/strong><\/span><\/li>\n
              • Extension of time for the export of final product\u00a0from the existing 6 months to 1 year, for exporters of leather or textile garments, leather and synthetic footwear.<\/strong><\/span><\/li>\n
              • Exemption from basic customs duty on specified parts used in the manufacture of microwave ovens and\u00a0components and parts used in aircraft manufacturing.<\/strong><\/span><\/li>\n
              • Exemption from basic customs duty on raw materials imported for manufacture of aircraft\u00a0parts used in maintenance, repair, or overhaul requirements defence units.<\/strong><\/span><\/li>\n
              • Regular importers with trusted longstanding supply chains to be recognized in the risk system.<\/strong><\/span><\/li>\n
              • Export cargo using electronic sealing to be provided through clearance from the factory premises to the ship.<\/strong><\/span><\/li>\n
              • A\u00a0special one-time measure to facilitate sale in domestic tariff area\u00a0at concessional rate of duty by eligible manufacturing units of SEZs.<\/strong><\/span><\/li>\n<\/ul>\n

                All these measures are rooted in Government\u2019s sustained push to make India a globally competitive manufacturing hub; one that can create jobs, innovate in frontier technologies , and integrate successfully into global value chains.<\/strong><\/span><\/p>\n

                Sustained Government Initiatives Driving Manufacturing Growth<\/strong><\/span><\/p>\n

                India\u2019s manufacturing expansion is being reinforced by a combination of targeted incentive schemes, mission-driven reforms, infrastructure development, and innovation-led initiatives creating a strong foundation for the next phase of manufacturing growth. \u00a0<\/strong><\/span><\/p>\n

                Performance Linked Incentive (PLI) scheme<\/strong><\/span><\/p>\n

                The Production Linked Incentive (PLI) scheme, aligned with the Aatmanirbhar Bharat vision has emerged as a\u00a0major catalyst for industrial growth\u00a0across 14 sectors. \u00a0Key gains under the Scheme are visible in sectors like electronics, pharmaceuticals, and automobile manufacturing, strengthening India\u2019s global manufacturing competitiveness:<\/strong><\/span><\/p>\n

                  \n
                • PLI-led investments have\u00a0encouraged smartphone production in India, making the country a major global mobile phone manufacturing hub. \u00a0<\/strong><\/span><\/li>\n
                • In the first three years, PLI\u00a0pharmaceutical sales crossed \u20b92.63 lakh crore, including \u20b91.69 lakh crore exports, with\u00a0domestic value addition reaching 83.74% as on March 2025.\u00a0\u00a0<\/strong><\/span><\/li>\n<\/ul>\n

                  PLI scheme for\u00a0automobile and auto-components has attracted cumulative investments worth \u20b935,657 crore, resulting in creation of 48,974 jobs, until September 2025. \u00a0<\/strong><\/span><\/p>\n

                  National Manufacturing Mission<\/strong><\/span><\/p>\n

                  Announced in Budget 2025-26, the National Mission on Manufacturing (NMM) serves as a key catalyst for industrial growth,\u00a0targeting a rise in manufacturing\u2019s GDP share to 25% by 2035, creation of 143 million jobs, and expansion of merchandise exports to USD 1.2 trillion by through deeper global value chain integration.\u00a0The following key steps have been taken under National Manufacturing Mission Implementation:<\/strong><\/span><\/p>\n

                    \n
                  • Work on the\u00a0National Mission on Manufacturing\u00a0is underway, focusing on ease and cost of doing business, workforce readiness, MSME growth, deregulation, technology access, and quality manufacturing.<\/strong><\/span><\/li>\n
                  • An\u00a0Inter-Ministerial Committee\u00a0has been formed, with NITI Aayog coordinating consultations and advancing implementation proposals.<\/strong><\/span><\/li>\n
                  • Skill development initiatives\u00a0are being aligned with industry needs through NSQF-based training, targeted skilling interventions, and coordination with industrial corridors and sector-specific industries such as toys, leather, and footwear.<\/strong><\/span><\/li>\n
                  • The\u00a0National Textile Manufacturing Mission\u00a0is under formulation, with a core committee and ongoing consultations to finalize the framework.<\/strong><\/span><\/li>\n<\/ul>\n\n\n\n
                    Investments Fueling Industrial Expansion<\/strong><\/span><\/p>\n

                    Investment momentum continues to support economic growth in FY26, with the share of\u00a0gross fixed capital formation (GFCF) estimated at 30%\u00a0\u00a0and expanding by 7.6% in the first half of the year compared to last year. \u00a0<\/strong><\/span><\/p>\n

                    This investment push is\u00a0reflected in both public and private spending, with\u00a0government capital expenditure rising from \u20b93.07 lakh crore in FY19 to \u20b911.21 lakh crore in FY26\u00a0, while private\u00a0corporate investment announcements surged to \u20b914.6 lakh crore in first half of FY26, higher than \u20b97.9 lakh crore during same period in FY25.\u00a0\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                    Initiatives Strengthening India\u2019s Innovation Ecosystem<\/strong><\/span><\/p>\n

                      \n
                    • A\u00a0major institutional reform supporting India\u2019s R&D ecosystem is the establishment of the Anusandhan National Research Foundation (ANRF)\u00a0under the ANRF Act, 2023. It is aimed at providing strategic direction, funding support, and stronger collaboration between industry, academia, and government. \u00a0<\/strong><\/span><\/li>\n
                    • To strengthen innovation financing, the Government announced a Research, Development and Innovation (RDI) Fund with a \u20b91 lakh crore outlay over six years, including \u20b920,000 crore for FY26, aimed at boosting private investment in high-tech R&D, supporting advanced technology projects, enabling acquisition of strategic technologies, and operationalising a Deep-Tech Fund of Funds. \u00a0<\/strong><\/span><\/li>\n
                    • Since the launch of\u00a0Startup India\u00a0in 2016, a growing startup ecosystem, now over\u00a02 lakh recognised startups, reflects expanding entrepreneurship culture. \u00a0\u00a0India now ranks among the\u00a0top five countries in 45 of 64 critical technologies, strengthening capabilities in areas vital for advanced manufacturing and industrial competitiveness. \u00a0<\/strong><\/span><\/li>\n<\/ul>\n\n\n\n
                      Impact of Innovation-Led Manufacturing Growth<\/strong><\/span><\/p>\n

                      India\u2019s innovation ecosystem has strengthened significantly, supporting its move towards higher-value manufacturing. India\u2019s\u00a0Global Innovation Index ranking improved from 66th in 2019 to 38th in 2025, the highest among lower middle-income country group.<\/strong><\/span><\/p>\n

                      India also ranks\u00a04th globally in trademarks, 6th in patents, and 7th in industrial designs in 2024. \u00a0\u00a0The World Intellectual Property Organization (WIPO) ranks India\u00a012th globally, for its entrepreneurship policies and entrepreneurship culture.\u00a0\u00a0<\/strong><\/span><\/p>\n

                      India ranks among the\u00a0top four globally in critical technology research output, including defence, space, robotics, quantum computing, AI, biotech, advanced materials, energy, and communications.<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                      Infrastructural Reforms Driving Manufacturing Expansion<\/strong><\/span><\/p>\n

                      Government-led infrastructure and logistics reforms are enabling manufacturing expansion through continued investments in connectivity, industrial infrastructure, and skilling support.<\/strong><\/span><\/p>\n

                      PM GatiShakti has transformed infrastructure planning through a unified platform integrating over\u00a01,700 data layers\u00a0across\u00a057 ministries and departments, while PM GatiShakti Public and the Unified Geospatial Interface now provide\u00a0230 datasets\u00a0for investment and logistics planning. \u00a0At the state level,\u00a027 States\u00a0have notified State Logistics Policies, and\u00a028 Aspirational Districts\u00a0are already using GatiShakti District Master Plan Module for area planning, which will then extend to all\u00a0112 districts Aspirational Districts.<\/strong><\/span><\/p>\n

                      Complementing this is the\u00a0National Logistics Policy (NLP)\u00a0under which logistics integration is strengthened through Unified Logistics Interface Platform (ULIP). It connects\u00a044 systems across 11 ministries, covering\u00a02,000 data fields, supporting over\u00a01,700 companies, and enabling\u00a0200 crore API transactions. \u00a0<\/strong><\/span><\/p>\n

                      Meanwhile, industrial corridor projects have operationalised cities such as Dholera and Greater Noida, with\u00a0350 industrial plots allotted\u00a0and investments of\u00a0\u20b92.02 lakh crore, supporting new manufacturing hubs beyond major metros. \u00a0<\/strong><\/span><\/p>\n

                      These initiatives reflect a coordinated push to strengthen manufacturing competitiveness in the country. As implementation progresses, these measures are expected to deepen industrial capacity, enhance global competitiveness, and support sustained manufacturing-led economic growth.<\/strong><\/span><\/p>\n

                      Conclusion<\/strong><\/span><\/p>\n

                      India\u2019s manufacturing sector is entering a new phase of expansion, guided by the Government\u2019s vision of\u00a0Atmanirbharta<\/em>\u00a0and the\u00a0Sankalp<\/em>\u00a0anchored in the three key\u00a0Kartavyas<\/em>\u00a0outlined in the Union Budget 2026-27 .\u00a0Continued focus on competitiveness, technology adoption, supply chain integration, and skill development is helping position manufacturing as a sustainable engine of growth.<\/strong><\/span><\/p>\n

                      Together, these efforts place manufacturing at the heart of India\u2019s journey towards becoming a globally competitive, resilient, and self-reliant economic powerhouse in the years ahead.<\/strong><\/span><\/p>\n

                      \n","protected":false},"excerpt":{"rendered":"

                      Union Budget FY 2026-27: Manufacturing Sector Driving India\u2019s Next Growth Phase Posted On: 12 FEB 2026 11:36AM by PIB Delhi Key Takeaways India\u2019s manufacturing performance strengthened with\u00a0GVA growth of 7.72% in Q1 and 9.13% in Q2 in FY 2025-26 Medium- and high-technology industries contributing 46.3% of India\u2019s manufacturing value added Union Budget 2026-27\u00a0focuses on scaling …<\/p>\n","protected":false},"author":2,"featured_media":19346,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-news"],"_links":{"self":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/19345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19345"}],"version-history":[{"count":1,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/19345\/revisions"}],"predecessor-version":[{"id":19347,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/posts\/19345\/revisions\/19347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=\/wp\/v2\/media\/19346"}],"wp:attachment":[{"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeducationoverview.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}