India’s budget bets on infrastructure, manufacturing amid global trade war

Al JazeeraCenterEN 2 min read 100% complete by Al Jazeera StaffFebruary 1, 2026 at 12:34 PM

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short article 2 min

In February 2026, India's government, led by Prime Minister Modi, presented its annual budget for the 2026-2027 financial year, prioritizing infrastructure and domestic manufacturing amid global trade uncertainties. Finance Minister Nirmala Sitharaman unveiled the $583 billion budget, aiming to sustain economic growth despite challenges like US tariffs on Indian imports of Russian oil. The budget projects GDP growth between 6.8 and 7.2 percent, supported by a 12.2 trillion rupee investment in infrastructure. The government also intends to boost manufacturing in strategic sectors like pharmaceuticals and semiconductors, as well as invest in artificial intelligence. The budget seeks to offset the impact of trade disputes through new agreements, such as the one with the European Union.

Key Entities & Roles

Key Player Opposition Context

Venezuela 30% Iran 30% New Delhi 40% Russian oil 40% World Bank 40% European Union 50% Parliament ×250% Donald Trump 60% United States 60% Nirmala Sitharaman 70% Narendra Modi 90% India ×4100%

Keywords

annual budget 90% infrastructure 80% manufacturing 80% global trade war 70% economic growth 70% gdp growth 60% trade agreement 50% financial markets 50% artificial intelligence 40% tariffs 40%

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Positive

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Al Jazeera

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Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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annual budget infrastructure manufacturing global trade war economic growth gdp growth trade agreement financial markets artificial intelligence tariffs

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