Finance Minister Nirmala Sitharaman has said that the Union Budget 2026-27 reflects the Government’s commitment to continuity, certainty and predictability from a policy point of view for businesses and industry. She said that it will enable them to foster long-term plans and investment commitments. She said this while addressing the Board Members of the US-India Strategic Partnership Forum in New Delhi yesterday.

 

The Finance Minister also highlighted the announcements related to reforms across sectors in supporting semiconductors, electronic components manufacturing, Bio Pharma Shakti, and Rare Earth Corridors.

 

Mrs Sitharaman also noted that special emphasis is laid on the upgradation of legacy industry clusters, while strengthening India’s manufacturing capacity via MSMEs, focusing particularly on medium enterprises and creating champions out of them.

 

Participants acknowledged the policy efforts being made to support the reform momentum. They also appreciated the commitment towards fiscal discipline, especially in a context of heightened global uncertainty.