{"id":2723,"date":"2026-02-05T10:52:36","date_gmt":"2026-02-05T10:52:36","guid":{"rendered":"https:\/\/www.rnm.in\/blog\/?p=2723"},"modified":"2026-02-09T05:33:13","modified_gmt":"2026-02-09T05:33:13","slug":"union-budget-2026-27-major-highlights-and-industry-impact","status":"publish","type":"post","link":"https:\/\/www.rnm.in\/blog\/union-budget-2026-27-major-highlights-and-industry-impact\/","title":{"rendered":"Union Budget 2026-27: Major Highlights and Industry Impact"},"content":{"rendered":"<p><b><i>PART-A- MAJOR HIGHLIGHTS OF UNION BUDGET 2026-27<\/i><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>FINANCIAL SECTOR &amp; CAPITAL MARKETS<\/i><\/b><\/li>\n<\/ul>\n<p><i><\/i><br \/>\n<b><\/b><\/p>\n<ul>\n<li aria-level=\"2\"><b>High-Level Committee on Banking for Viksit Bharat<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A high-level committee will review banks and NBFCs to strengthen the financial system, improve efficiency and scale, and ensure stability, inclusion and consumer protection for India\u2019s next phase of growth.<\/span><\/p>\n<ul>\n<li aria-level=\"2\"><b>Restructuring of PFC and REC<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Power Finance Corporation and Rural Electrification Corporation will be restructured to enhance operational efficiency, scale and infrastructure financing in the power and energy sector.<\/span><\/p>\n<ul>\n<li aria-level=\"2\"><b>Review of FEMA (Non-Debt Instruments) Rules<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The FEMA (Non-Debt Instruments) Rules will be comprehensively reviewed to create a simplified, modern and investor-friendly framework aligned with India\u2019s evolving economic priorities.<\/span><\/p>\n<ul>\n<li aria-level=\"2\"><b>Deepening Corporate and Municipal Bond Markets<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Measures will be taken to strengthen corporate bond markets and incentivise large municipal bond issuances to support urban infrastructure financing.<\/span><\/p>\n<ul>\n<li aria-level=\"2\"><b>Liberalization of Portfolio Investment Scheme for PROIs<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Investment limits for overseas individuals in listed Indian companies has been increased <\/span><span style=\"font-weight: 400;\">from 5% to 10%, while the overall combined limit for all such investors will increase from 10% to 24%<\/span><span style=\"font-weight: 400;\">under the Portfolio Investment Scheme to improve market liquidity and attract greater global participation.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><b><i>MANUFACTURING &amp; INDUSTRIAL GROWTH:<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Introduction of<\/span><b> Biopharma SHAKTI <\/b><span style=\"font-weight: 400;\">with an outlay of <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\"> 10,000 crores over the next 5 years with focus on biologics &amp; biosimilars, 3 new NIPERs, 7 upgraded NIPERs, 1,000+ accredited clinical trial sites and Strengthening CDSCO with scientific review cadre.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Launch of <\/span><b>India Semiconductor Mission (ISM) 2.<\/b><span style=\"font-weight: 400;\">0 to produce equipment and materials, design fullstack Indian IP, and fortify supply chains.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Increase of the outlay of <\/span><b>Electronics Components Manufacturing Scheme<\/b><span style=\"font-weight: 400;\"> from <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">22,919 crore\u00a0 to <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">40,000 crore.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Dedicated Rare Earth Corridors<\/b><span style=\"font-weight: 400;\"> in States of Odisha, Kerala, Andhra Pradesh and Tamil Nadu.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Establishment of 3 <\/span><b>dedicated Chemical Parks<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">For <\/span><b>Capital Goods &amp; Heavy Engineering<\/b><span style=\"font-weight: 400;\">, (a) Establishment of Hi-Tech Tool Rooms by CPSEs at 2 locations (b) New Scheme for Enhancement of Construction and Infrastructure Equipment (CIE) and;(c)\u00a0 New Scheme for Container Manufacturing with a budgetary allocation of <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">10,000 crore over a 5 year period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Under <\/span><b>Textiles &amp; Village Industries<\/b><span style=\"font-weight: 400;\">,(a) Integrated Textile Programme (Fibre, clusters, handloom, sustainability, skilling)(b) Mega Textile Parks (challenge mode)and;(c) <\/span><b>Mahatma Gandhi Gram Swaraj Initiative<\/b><span style=\"font-weight: 400;\"> for khadi, handloom, handicrafts<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li aria-level=\"2\"><span style=\"font-weight: 400;\">Dedicated initiative for R&amp;D, materials science, global competitiveness for <\/span><b>Sports Goods Manufacturing<\/b><\/li>\n<\/ul>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">New Scheme for Rejuvenation of 200 Legacy Industrial Clusters<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>MSMEs &amp; MICRO ENTERPRISES<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Equity Support<\/b><span style=\"font-weight: 400;\"> covering <\/span><b>\u20b9<\/b><b>10,000 crore SME Growth Fund and <\/b><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">2,000 crore top-up to Self-Reliant India Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Liquidity Support<\/b><span style=\"font-weight: 400;\"> providing Mandatory TReDS usage for CPSE MSME purchases, Credit guarantee for TReDS invoice discounting, GeM\u2013TReDS integration and Securitisation of TReDS receivables<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Professional Support thru<\/b><span style=\"font-weight: 400;\">\u201c<\/span><b>Corporate Mitras<\/b><span style=\"font-weight: 400;\">\u201d via ICAI, ICSI, ICMAI with Affordable compliance support in Tier-II\/III cities<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>INFRASTRUCTURE &amp; URBAN DEVELOPMENT<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Capex increased to <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">12.2 lakh crore<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Infrastructure Risk Guarantee Fund for construction-phase risks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Asset monetisation via CPSE-specific REITs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">New Dedicated Freight Corridor (Dankuni\u2013Surat)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">20 new National Waterways; ship repair hubs at Varanasi &amp; Patna<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Coastal Cargo Promotion Scheme<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Seaplane manufacturing &amp; VGF for operations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>City Economic Regions (CER)<\/b><span style=\"font-weight: 400;\"> with Allocation of <\/span><b>\u20b9<\/b><b>5,000 crore per CER (5 years) as <\/b><span style=\"font-weight: 400;\">form-linked, outcome-based financing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>\u00a0Seven (7) High-Speed Rail Corridors<\/b><span style=\"font-weight: 400;\"> connecting major growth clusters.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>ENERGY &amp; CLIMATE<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>\u00a0Setting up of Carbon Capture Utilisation &amp; Storage (CCUS) with <\/b><span style=\"font-weight: 400;\">Outlay of\u00a0 <\/span><b>\u20b9<\/b><b>20,000 crore (5 years)\u00a0<\/b><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>SERVICES SECTOR &amp; HUMAN CAPITAL<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Education<\/b><span style=\"font-weight: 400;\"> to Employment with setting up High-Powered Standing Committee for services-led growth;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Building <\/span><b>Health &amp; Care Economy <\/b><span style=\"font-weight: 400;\">with 1 lakh Allied Health Professionals,1.5 lakh caregivers trained and Medical Value Tourism Hubs (5 regions)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Under AYUSH, 3 new All India Institutes of Ayurveda and Upgraded labs &amp; WHO Centre at Jamnagar<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Creative &amp; Knowledge Economy <\/b><span style=\"font-weight: 400;\">with setting of<\/span> <span style=\"font-weight: 400;\">AVGC labs in 15,000 schools &amp; 500 colleges, New National Institute of Design (Eastern India), University Townships near industrial corridors, Girls\u2019 hostels in every district and Advanced astronomy infrastructure.<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><i>TOURISM, CULTURE &amp; SPORTS<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Setting up of National Institute of Hospitality<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Guide upskilling at iconic sites<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Digital Knowledge Grid for destinations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Eco-tourism trails (mountain, turtle, birding)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Archaeological site development<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Khelo India Mission<\/span><span style=\"font-weight: 400;\"> for sports ecosystem transformation<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><b><i>AGRICULTURE &amp; RURAL PROSPERITY<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Fisheries, livestock, high-value crops<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Coconut Promotion Scheme<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cashew &amp; cocoa self-reliance programme<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Sandalwood ecosystem revival<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Nut orchards rejuvenation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Bharat-VISTAAR<\/span><span style=\"font-weight: 400;\"> AI-based agri advisory<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li aria-level=\"2\"><span style=\"font-weight: 400;\">SHE-Marts<\/span><b> for women-led enterprises<\/b><\/li>\n<\/ul>\n<p><b><\/b><br \/>\n<b><i><\/i><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b><i>\u00a0SOCIAL INCLUSION &amp; REGIONAL DEVELOPMENT<\/i><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Divyangjan Kaushal &amp; Sahara Yojanas<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Assistive Technology Marts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">NIMHANS-2 &amp; trauma care expansion<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Purvodaya<\/span><span style=\"font-weight: 400;\"> East Coast Industrial Corridor<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Buddhist circuits in North-East<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><b>Part-B- Industry Wise Impact<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>S. N.<\/b><\/td>\n<td><b>Sector\/ industry\u00a0<\/b><\/td>\n<td><b>Budget Measures<\/b><\/td>\n<td><b>Analysis<\/b><\/td>\n<td><b>Impact\/ remarks<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>1.<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Banking<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High-Level Committee on Banking for Viksit Bharat<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Continued focus on financial stability and inclusion<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">The banking industry is set to benefit from the upcoming wave of structural reforms, which will help enhance scale, governance, and efficiency. With asset quality touching historic highs and high capital adequacy ratios, banks are poised to support higher credit growth. However, the lack of an immediate regulatory easing indicates that the gains will be realized over time.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Positive (Medium-term)<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>2.<\/b><\/td>\n<td><span style=\"font-weight: 400;\">NBFCs &amp; Infrastructure Finance<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Restructuring of PFC and REC<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Infrastructure Risk Guarantee Fund<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bond market development<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Strengthening of public sector NBFCs supports long-term infrastructure and energy lending. Risk-sharing arrangements improve the bankability of large projects. Private NBFCs could be impacted by competition from stronger public institutions, but they will also benefit from more developed capital markets.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Positive<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>3.<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Manufacturing &amp; Industrial Sector<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Schemes for biopharma, semiconductors, electronics, chemicals, textiles, capital goods<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rare earth corridors and cluster development<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">The Budget is highly supportive of the growth of manufacturing, import substitution, and export competitiveness. Emphasis on technology, skill development, and value chains is in line with the global trends in supply chains. Capital-intensive sectors might not easily involve MSMEs.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Strongly Positive<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>4.<\/b><\/td>\n<td><b>MSMEs<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">10,000 crore SME Growth Fund<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expanded TReDS framework<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Credit guarantees and compliance support<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Better access to equity and working capital will improve the growth prospects of MSMEs. Compulsory digital platforms may pose an initial problem to smaller entities but will help in formalization and scalability in the long run.<\/span><\/td>\n<td><b>Positive<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>5.<\/b><\/td>\n<td><b>Infrastructure &amp; Construction<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Public capex increased to <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">12.2 lakh crore<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Freight corridors, waterways, high-speed rail, urban infrastructure<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Continued capex spending will ensure continued order flow for EPC, logistics, and construction firms. Risk guarantees will further improve private sector participation. Efficiency in execution is still very important.<\/span><\/td>\n<td><b>Very Positive<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>6.<\/b><\/td>\n<td><b>Healthcare &amp; Pharmaceuticals<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Biopharma SHAKTI<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expansion of clinical trials and allied health training<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Medical value tourism hubs<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Improves India\u2019s competitiveness in high-end pharma and healthcare delivery. Exports, R&amp;D, and skilled employment are encouraged.<\/span><\/td>\n<td><b>Positive<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>7.<\/b><\/td>\n<td><b>Technology, Electronics &amp; AI<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Semiconductor Mission 2.0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Electronics manufacturing expansion<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AI and research ecosystem support<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Boosts India\u2019s competitiveness in strategic tech domains. Although barriers to entry are high, this may not immediately help SMEs but will attract large investments.<\/span><\/td>\n<td><b>Strongly Positive<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>8.<\/b><\/td>\n<td><b>Tourism, Hospitality &amp; Services\u00a0<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tourism infrastructure and skilling<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Heritage development and eco-tourism<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Encourages job creation, foreign exchange earnings, and development of regions. Last-mile connectivity and private sector involvement are critical for success.<\/span><\/td>\n<td><b>Positive<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>9.<\/b><\/td>\n<td><b>Education &amp; Skill Development\u00a0<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">University townships<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AVGC labs and design institutes<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Girls\u2019 hostels<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Improves employability and innovation capabilities, especially in the service and creative sectors. Long gestation period before measurable outcomes.<\/span><\/td>\n<td><b>Positive (Long-term)<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>10.<\/b><\/td>\n<td><b>Urban Development &amp; Real Estate<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Municipal bond incentives<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">City Economic Regions<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">REIT-based asset monetisation<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Enhances urban infrastructure funding and recycling. Smaller cities might have capacity limitations in accessing bond markets.<\/span><\/td>\n<td><b>Positive<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><b>OVERALL ASSESSMENT<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Union Budget for 2026-27 is a reform, investment, and future-oriented budget. It has medium to long-term growth, competitiveness, and fiscal responsibility as its focus areas, with very little emphasis on short-term consumption drivers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PART-A- MAJOR HIGHLIGHTS OF UNION BUDGET 2026-27 FINANCIAL SECTOR &amp; CAPITAL MARKETS High-Level Committee on Banking for Viksit Bharat A high-level committee will review banks and NBFCs to strengthen the financial system, improve efficiency and scale, and ensure stability, inclusion and consumer protection for India\u2019s next phase of growth. Restructuring of PFC and REC Power Finance Corporation and Rural Electrification [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2745,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[453],"tags":[],"class_list":["post-2723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-policy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Union Budget 2026-27: Major Highlights &amp; Industry-Wise Impact<\/title>\n<meta name=\"description\" content=\"A comprehensive overview of Union Budget 2026-27 covering major policy announcements and sector-wise impact.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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