India, Feb. 2 -- The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, places manufacturing, semiconductors, and MSMEs at the centre of India's next growth phase. The government has identified six focus areas aimed at holistic economic growth, with a clear emphasis on strengthening domestic manufacturing, improving competitiveness, and creating future-ready enterprises.

Among the most consequential announcements is the Rs 40,000 crore enhanced outlay for Semiconductor Mission 2.0, reflecting growing confidence in India's electronics and chip-making ambitions. The Budget also signals support for industry-led research and training centres for semiconductors and introduces a scheme to enable states to establish three chem...