Coming amid global shifts in supply chains and escalating geopolitical tensions, this budget appears as a frantic bid to board a bus that India has missed during Modi’s over a decade in power. Past budgets under his tenure prioritized populist fiscal measures, infrastructure and fiscal prudence at the core but largely overlooked the critical sectors defining today’s global economy: rare-earth minerals and magnets, artificial intelligence (AI), semiconductors and green energy transitions.
tirsdag 3. februar 2026
The bus left in 2014: why Modi’s 2026 Budget can’t overtake China
India’s central government budget for fiscal year 2026-27, known as the Union Budget, was presented by Finance Minister Nirmala Sitharaman to Parliament on February 1, 2026. It marks Prime Minister Narendra Modi’s latest effort to steer India toward technological and economic self-reliance.
Coming amid global shifts in supply chains and escalating geopolitical tensions, this budget appears as a frantic bid to board a bus that India has missed during Modi’s over a decade in power. Past budgets under his tenure prioritized populist fiscal measures, infrastructure and fiscal prudence at the core but largely overlooked the critical sectors defining today’s global economy: rare-earth minerals and magnets, artificial intelligence (AI), semiconductors and green energy transitions.
Coming amid global shifts in supply chains and escalating geopolitical tensions, this budget appears as a frantic bid to board a bus that India has missed during Modi’s over a decade in power. Past budgets under his tenure prioritized populist fiscal measures, infrastructure and fiscal prudence at the core but largely overlooked the critical sectors defining today’s global economy: rare-earth minerals and magnets, artificial intelligence (AI), semiconductors and green energy transitions.
