Union Budget 2026-27 Unveils Viksit Bharat Vision with Six Key Interventions
The Union Budget 2026-27 emphasizes Viksit Bharat and Yuva Shakti-driven growth through six intervention areas including strategic manufacturing in seven frontier sectors like biopharma, semiconductors, rare earths, electronics, textiles, chemicals, and capital goods to cut import dependence. Biopharma SHAKTI scheme allocates ₹10,000 crore to make India a global hub for biologics and biosimilars by establishing three new NIPERs and upgrading seven existing ones. A ₹10,000 crore Container Ecosystem scheme targets domestic container manufacturing to reduce Chinese imports while three Chemical Parks will be set up via challenge mode with plug-and-play infrastructure. Bharat-VISTAAR multilingual AI tool integrates with AgriStack for farmers' advisory; fisheries get ₹2,761 crore under PMMSY for value chain strengthening. SHE-Marts for women SHGs and transition of Lakhpati Didis to enterprise ownership promote Nari Shakti; Purvodaya initiative targets development of Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh.
Try the question
Which scheme in Union Budget 2026-27 aims to position India as a global hub for biologics and biosimilars with ₹10,000 crore allocation?
Answer: (b) Biopharma SHAKTI
The correct answer is (b) Biopharma SHAKTI.