Union Budget 2026–27 Announces Launch of Khelo India Mission to Transform Sports Sector; Rs. 500 cr allocated to Promotion of Sports Goods Manufacturing

• Khelo India Mission launched in Union Budget 2026–27 (presented 01 Feb 2026) to transform India's sports ecosystem via talent development, infrastructure, manufacturing and employment.
• ₹500 crore earmarked under a dedicated initiative for Promotion of Sports Goods Manufacturing — first-of-its-kind PLI-style push for the sector.
• Total Ministry of Youth Affairs & Sports (MoYAS) allocation raised to ₹4,479.88 crore (BE 2026-27) — a ₹1,133 crore jump over RE 2025-26 (₹3,346 cr).