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The key focus of the government's Rs 12.2 lakh crore capex for the next fiscal will be mainly on sectors like shipbuilding, national highways, railways, and metro train projects, Expenditure Secretary V Vualnam said. The government has budgeted total expenditure in 2026-27 at over Rs 53.47 lakh crore, of which about Rs 12.22 lakh crore is projected to be the capital expenditure, meaning it would be spent on building physical infrastructure. In a post-Budget interview to PTI, Vualnam said the sectors, which have huge ongoing and new projects, like the national highways, railways, and the urban sector, to the extent of metro train projects, will continue to dominate the government public capex spending in the next fiscal. "Shipbuilding has become an infrastructure sector, and will also now be a big player. We are very keen to improve our share in shipbuilding (globally). Of India's import-export cargo, just about 5 per cent goes on India-owned ships. About Rs 6 lakh crore (annually) i
Union Budget for 2026-27 places infrastructure at the heart of India's journey towards Viksit Bharat2047, Union Road Transport and Highways Minister Nitin Gadkari said on Sunday. Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27 in the Lok Sabha. "With a clear focus on connectivity, manufacturing depth, and regional balance, the Budget outlines a decisive push to build world-class, future-ready infrastructure," Gadkari said in a social media post on X. He said initiatives announced in the Budget reflect a clear vision: infrastructure not just as physical assets, but as an enabler of resilience, opportunity, and global competitiveness. The minister also said the Budget for 2026-27 outlines a decisive roadmap centred on farmers, youth, and MSMEs, strengthening the foundations of inclusive growth, innovation, and capital investment as India progresses towards.
Finance Minister Nirmala Sitharaman on Sunday said the target for capex will be raised to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal year and announced a slew of measures to boost infrastructure in the country. Presenting the Union Budget for 2026-27 in the Lok Sabha, she said the government will continue to develop infrastructure in Tier-2 and Tier-3 cities. The government also proposes to set up risk guarantee fund for infrastructure sector, she added. A scheme for enhancement for construction and infrastructure equipment will be introduced to strengthen domestic manufacturing, Sitharaman said. The government also proposes to support professional institutions like ICAI, ICSI to design short-term modular courses, she added.