The Union Cabinet approved a ₹1.27 trillion Semiconductor Mission 2.0 along with a ₹62,500 crore Mobile Phone Manufacturing Scheme and other key policy and infrastructure measures to strengthen India's manufacturing ecosystem.

Cabinet approves ₹1.27 trillion for India Semiconductor Mission 2.0 to boost chip manufacturing

Finance Minister Nirmala Sitharaman’s ninth consecutive budget targets a 7.4% real GDP growth for the current fiscal year ending March 2026, but the composition reveals a persistent tilt: services are projected to expand 9.1%, while manufacturing and construction lag at 7%.

India’s budget 2026-27: Manufacturing push meets services reality

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semiconductor mission-20

Cabinet approves ₹1.27 trillion for India Semiconductor Mission 2.0 to boost chip manufacturing

India’s budget 2026-27: Manufacturing push meets services reality