Technology

The Union Budget 2026-27 will prioritise income growth for farmers through productivity enhancement and diversification into high-value crops, fisheries, and animal husbandry—sectors seen as key drivers of rural employment.

The budget also proposes establishing a new National Institute of Design through a challenge route to address shortages in the design sector, where domestic talent hasn’t kept pace with industry growth.

India’s dependence on imports of rare earth magnets was spotlighted last year when China imposed export restrictions on these critical components, impacting sectors like automotive and EVs.

A Rs 10,000-crore push aims to build India’s biopharma and advanced manufacturing capabilities as disease patterns and technology priorities shift.

India’s electronics sector is now the third-largest and fastest-growing export category in FY25, from the seventh-largest export category in FY22, the Economic Survey 2025-26 noted.