Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 in Parliament with a strong focus on building a Viksit Bharat while delivering major benefits to Andhra Pradesh. She outlined a growth-driven roadmap that strengthens technology, healthcare, industry, and self-reliance. With India maintaining a steady 7 per cent growth rate, the budget reinforces the country’s position as a resilient global economy and sets the tone for long-term development.
Sitharaman described the budget as a vision document that balances economic discipline with inclusive progress. She said India continues to move forward despite global uncertainties, driven by domestic strength and policy stability. The government aims to turn this momentum into sustained prosperity across all regions.
Three Core Pillars Shape the Budget
The Finance Minister said the budget rests on three key responsibilities that guide India’s development journey. The first pillar focuses on inclusive economic growth so that every citizen benefits from national progress. The second pillar stresses public participation, encouraging individuals, entrepreneurs, and industries to play an active role in growth.
The third pillar reinforces the principle of Sabka Saath, Sabka Vikas, ensuring reforms translate into real opportunities for all sections of society. Sitharaman emphasised that these pillars together form the foundation of a developed India.
Andhra Pradesh Emerges as a Key Beneficiary
The Union Budget brought encouraging news for Andhra Pradesh through targeted industrial and resource-based initiatives. The Centre announced a special scheme for critical mineral extraction in Andhra Pradesh, along with Kerala and Odisha. This move strengthens the state’s role in strategic resource development.
The government also revealed plans to set up three chemical parks across the country, which will support industrial expansion and attract investments. In addition, textile sector modernisation received priority, positioning Andhra Pradesh as a potential employment hub in the coming years.
Push for Semiconductors and Pharma Growth
To make India a global semiconductor leader, the government launched the second phase of the Semiconductor Mission with an allocation of ₹40,000 crore. Sitharaman said the initiative will accelerate innovation, strengthen supply chains, and reduce import dependence.
The healthcare and pharmaceutical sectors also received a major boost. The budget allocated ₹10,000 crore for a new pharma research and manufacturing scheme. The government will establish three new bio-pharma institutions and expand seven existing centres to support advanced research.
Strong Economy and Self-Reliance
Sitharaman highlighted India’s strong fiscal discipline and stable inflation levels. She pointed out that GST collections touched ₹1.93 lakh crore in January, reflecting solid economic activity. The government continues to reduce reliance on exports while strengthening domestic production.
The Union Budget 2026–27 signals India’s steady march toward a developed nation, with Andhra Pradesh positioned as a key growth partner in this journey.
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