India, Feb. 1 -- Industry leaders on Sunday welcomed the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, which included several landmark initiatives, notably the launch of the India Semiconductor Mission (ISM) 2.0.

Speaking in Parliament, Sitharaman outlined the government's priorities for Asia's third-largest economy, focusing on accelerating growth, enhancing competitiveness, and building resilience against global uncertainties.

The Budget also emphasized financial sector reforms, capital expenditure scaling, and regulatory improvements to support long-term economic expansion.

The fiscal roadmap projects a gradual consolidation, with the debt-to-GDP ratio estimated at 55.6% in 2026-27, down from 56.1% in the cu...