India, Feb. 24 -- Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 with a strong focus on strengthening India's healthcare ecosystem. The announcements emphasise biopharma manufacturing, medical and allied health education, regional access to care, traditional medicine systems, and mental health as an emerging national priority.

Key Announcements

Biopharma Shakti Initiative: An outlay of Rs 10,000 crore over five years has been proposed to position India as a global biopharma manufacturing hub. The initiative aims to accelerate domestic capabilities in biologics, biosimilars, and advanced pharmaceutical production, reinforcing supply resilience and global competitiveness.

Biopharma-Focused Institutional Stre...