New Delhi, Feb. 4 -- India's budget for 2026-27 has been presented at a time when the global landscape is being reshaped by geopolitical fragmentation, supply chain reconfiguration, rising protectionism and unprecedented trade-policy uncertainty.

Given the global backdrop, the budget reflects a clear strategy of sustaining India's development agenda while addressing emerging vulnerabilities and transforming external pressures into opportunities to strengthen the foundations of the economy's long-term competitiveness.

The proposed scaling up of strategic and frontier manufacturing sectors such as biopharma, semiconductors, electronic components, rare earth magnets, chemicals, capital goods and containers will support industry's needs. It...