This budget has highlighted just that, with GoI looking to shift gears and capitalise on the economic opportunity ahead. The announcements aim to balance long-term growth on the back of infrastructure development and energy independence, with short- to mid-term priorities, including a focus on MSMEs and job creation.

Over the last couple of years, GoI has emphasised the importance of both digital and physical infra with oversized but necessary allocations to this sector. In continuation with the announcements made in the interim budget, the focus on infrastructure has been reiterated with the allocation of ?11 lakh cr — about 3.4% of GDP — to this space. Coupled with viability gap funding and access to funds from multilateral development banks (MDBs), this would help improve financing across the sector.

The budget also looks to fortify the next steps on our path to Viksit Bharat by:

Indexation benefits: FM Sitharaman says you are missing the larger picture behind Budget's big tax change

FM Nirmala Sitharaman: Word we gave post-Covid on fiscal glide path will have to be honoured

MSDE revamps Model Skill Loan Scheme; raises loan limit to Rs 7.5 lakh

Lowered customs may improve India’s global position in apparel and footwear market

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UPS Art Booking wellness film How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj

Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.

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markets UPS IPO NVIDIA SpaceX Even at $5 trillion, Nvidia is underappreciated

Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.

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markets Digital CEO War Omnicom RK Swamy bets on integrated advertising model as global agency giants split media and creative

Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.

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markets IPO Racing NVIDIA SpaceX SpaceX, Anthropic and OpenAI’s sprint to go public defines the AI boom’s big day

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markets Analysis Sustainability trends Trade FPIs exit Korea & Taiwan: Is India ready for the flow rotation?

Subscribe to enjoy similar stories.Foreign investors have spent much of this year cutting exposure to Indian equities, diverting some capital to Taiwan and South Korea amid an AI-driven rally and robust semiconductor earnings. However, recent selling in those East Asian markets has brought the conversation surrounding foreign flows back to India.According to Bloomberg data, Foreign portfolio investors have pulled nearly $23.4 billion from Indian equitiesso far this year, driven by stretched valuations, rupee weakness and softer earnings growth expectations.

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Subscribe to enjoy similar stories.PI Industries stock has fallen 11% over the past two trading sessions as pressure in its custom synthesis and manufacturing (CSM) business persisted. CSM revenues have now declined year-on-year for five consecutive quarters. The segment, which contributed about 75% of the agrochemicals maker’s FY26 revenue of ₹6,714 crore, saw revenue fall 16% year-on-year.Weak demand and customers’ shift to just-in-time procurement continued to weigh on the CSM business, where revenue declined 15% in the March quarter (Q4FY26), though that marked an improvement from the 32% drop in Q3FY26.Management said the global crop-protection market remains stuck in a prolonged multi-year downturn, resulting in an uneven recovery.

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UPS Manufacturing Mobile Healthcare electronic Why Dixon, Syrma and Kaynes are moving beyond smartphones: margin pressure

Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.

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