Union Budget FY 2026-27: Manufacturing Sector Driving India’s Next Growth Phase

• The Union Budget 2026-27 (presented Feb 2026) places manufacturing at the centre of India's next growth phase, scaling up activity across seven strategic & frontier sectors.
• Manufacturing Gross Value Added (GVA) grew 7.72% (Q1 FY26) and 9.13% (Q2 FY26), with medium- and high-technology industries contributing 46.3% of manufacturing value added.
• Crucial for UPSC because it ties together GS-III themes — industrial policy, MSMEs, fiscal incentives (BCD), self-reliance (Atmanirbhar Bharat), and India's pivot in global value chains.