Finance Minister Nirmala Sitharaman presented the budget for 2026-27 in Parliament today on Sunday (February 1). In such a situation, the eyes of the whole of India are fixed on his speech. Apart from common citizens, businessmen, health sector and stock market also have high expectations from the budget. Let us tell you the important points of the Finance Minister’s speech.
Helped in reducing poverty – Finance Minister
Union Finance Minister Nirmala Sitharaman said in the beginning of the speech that in this budget the focus is on a strong budget despite global uncertainties. Apart from this, there is focus on youth power in this year’s budget. Finance Minister Nirmala Sitharaman said that the government’s steps have helped in 7 percent growth and poverty reduction. India will have to integrate with global markets. Apart from this, he said that it is the first duty of the government to maintain continuous and rapid economic development.
In the budget, special importance has been given to accelerating manufacturing, creation of MSMEs, infrastructure, long-term energy security, strategy for healthcare and many other things.
Main announcements of Finance Minister
The Finance Minister said that the Rare Permanent Magnet Scheme was started in 2025. Moving ahead, mineral rich states will be helped. Dedicated corridor of rare earth minerals will be built in 5 states. Apart from this, the allocation of EMS PLI scheme will be increased from Rs 20 thousand to Rs 40 thousand crore. He informed that India Semiconductor Mission ISM 2.0 will be started to strengthen equipment and material production and supply chain.
According to the announcement of Finance Minister Nirmala Sitharaman, there will be an investment of Rs 10 thousand crore in biopharma in 5 years. A corridor for rare minerals will be built in Andhra Pradesh, Kerala, Tamil Nadu and Odisha. Medicines for cancer and diabetes will be cheaper. Establishment of textile park has also been announced. There has also been talk of starting Mahatma Gandhi Handloom Scheme. Weavers will benefit from reforms in the textile industry sector.
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