Budget 2026: Rare earths & Orange Economy – key takeaways and what they mean

Union Budget 2026-27 prioritizes infrastructure growth and manufacturing, with a significant capital expenditure increase to ₹12.2 lakh crore. Fiscal deficit targets 4.3% of GDP. Key initiatives include a new Income Tax Act, the Biopharma Shakti scheme, and support for semiconductor and rare earth production, aiming to boost economic momentum and self-reliance.