India’s Union Budget 2026–27 Reinforces Infrastructure-Led Growth
- brg_news_room
- 3 days ago
- 1 min read
INDIA: India’s Finance Minister Nirmala Sitharaman has presented the Union Budget for 2026–27, reinforcing the government’s infrastructure-led growth strategy with a record outlay of ₹12.2 trillion (USD133 billion) for infrastructure in FY2027—an 11.4% increase year on year. Roads, ports and railways remain central to the agenda of the Narendra Modi government, with a renewed emphasis on expanding connectivity beyond major metropolitan centres.
A key announcement was the Scheme for Enhancement of Construction and Infrastructure Equipment (CIE), aimed at strengthening domestic manufacturing of high-value construction machinery, including tunnel-boring machines. The scheme will support investments in advanced production systems, automation and engineering capabilities, while deepening localisation of components and supply chains. The budget also proposed an Infrastructure Risk Guarantee Fund to provide partial credit guarantees on loans for infrastructure projects, easing financing risks during construction and encouraging greater private sector participation.
Source: Ministry of Finance, Government of India
