Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, and Minister of State for PMO, Atomic Energy, Space, Personnel, Public Grievances and Pensions, Jitendra Singh, on Monday, 2 February 2026, said the Union Budget 2026–27 is not merely a one-year financial exercise but a generational roadmap anchored in technology-driven, AI-integrated structural reforms that will shape India’s future over the next 25 years.
Addressing the media at a post-Budget interaction organised by the Ministry of Science & Technology, the Minister said the Budget reflects a clear, sequential vision where structural reforms are powered by cutting-edge technologies, and these technologies are increasingly driven by Artificial Intelligence.
A Futuristic Budget with Long-Term Vision
Dr Jitendra Singh noted that while the full impact of the Budget may take time to be widely appreciated, it is inherently forward-looking and mission-oriented. He emphasised that informed stakeholders, including the media, have a responsibility to communicate its long-term benefits to citizens, as the Budget is designed to deliver sustained gains rather than short-term optics.
Middle-Class Relief Through Affordable Healthcare
Addressing concerns about middle-class benefits, the Minister said the Budget’s real value lies in long-term relief from rising healthcare and living costs, rather than immediate income-based calculations. He highlighted major investments in biopharma, diagnostics, vaccines, and gene-based therapies, which are expected to significantly reduce the financial burden on families affected by chronic illnesses.
India currently has 11–12 crore diabetics, nearly 14 crore pre-diabetics, and a rapidly rising incidence of cancer, with projections nearing two million cases annually by 2030. Affordable medicines, diagnostics, and domestically produced vaccines, he said, will be a major social and economic support for the middle class and vulnerable sections.
Biopharma Shakti and the Coming Bio-Revolution
Referring to the ₹10,000 crore Biopharma Shakti initiative, Dr Jitendra Singh said India has already emerged as a global bio-manufacturing hub, ranking among the top bio-economies globally and in the Indo-Pacific region. The new outlay will further strengthen capabilities in biologics, biosimilars, vaccines, medical devices, and gene-based technologies.
He described biotechnology as the next major industrial driver, comparable to the role played by IT in previous decades, stating that the upcoming industrial transformation will be a bio-revolution encompassing recycling, regeneration, circular economy models, and advanced life-science innovations.
Focus on Mental Health and Integrative Medicine
The Minister said the Budget addresses long-neglected areas such as non-communicable diseases and mental health. New super-speciality academic and clinical institutes for mental health will be established in North India, expanding access to quality care.
He also highlighted the establishment of new institutes of Ayurveda and pharmaceutical education, strengthening traditional medicine systems while integrating them with modern research and healthcare delivery.
Energy, Critical Minerals and Strategic Technologies
Dr Jitendra Singh noted that the extension of customs duty exemptions on imported components for nuclear power plants till 2035 will improve project efficiency and attract domestic and international investment, aligning with reforms to expand private sector participation in the nuclear ecosystem.
He also referred to the development of rare earth corridors and critical mineral initiatives, which will support clean energy technologies, electronics manufacturing, and strategic industries, while reducing import dependence.
National Geospatial Mission and Planned Urbanisation
Calling the National Geospatial Mission a foundational reform, the Minister said it will play a decisive role in planned urbanisation, infrastructure design, and land management, particularly amid rapid rural-to-urban migration. Implemented through the PM Gati Shakti platform, the Mission will enable evidence-based planning using satellites, drones, and advanced mapping tools.
Climate Action, AI in Agriculture and Inclusivity
Dr Jitendra Singh highlighted the ₹20,000 crore allocation for Carbon Capture, Utilisation and Storage (CCUS) as a critical step towards industrial decarbonisation, circular economy practices, and environmental sustainability.
He also announced structured deployment of AI in agriculture, ensuring farmers are empowered by technology while being safeguarded from unintended risks. The Budget, he said, ensures inclusivity, with direct benefits for the poorest sections through district-level cancer care facilities, affordable medicines, women-led entrepreneurship programmes, and science-based livelihood generation.
Mega Science Infrastructure to Boost Global Standing
Secretary, Department of Science & Technology Abhay Karandikar said the Budget places strong emphasis on science and innovation, with the word technology appearing repeatedly in the Finance Minister’s speech. He announced two mega science R&D facilities: a 30-metre National Large Optical Telescope and a National Large Solar Telescope near Pangong Lake, which will significantly enhance India’s global scientific collaboration.
Secretary, Department of Biotechnology Rajesh S. Gokhale said Biopharma Shakti builds on the National Biopharma Mission, accelerating translation of research into manufacturing and strengthening industry-academia partnerships and clinical trial networks.
Secretary, Ministry of Earth Sciences M. Ravichandran outlined Blue Economy initiatives covering national waterways, coastal tourism, deep-sea fisheries, and sustainable shipping.
Director General, CSIR and Secretary, DSIR N. Kalaiselvi said CSIR will play a central role in initiatives spanning CCUS, semiconductors, critical minerals, rare earth magnets, clean energy, and advanced manufacturing.
Conclusion: Union Budget
Concluding the interaction, Dr Jitendra Singh said the Union Budget 2026–27 reflects a mission-driven, science-led approach, where research, manufacturing, and deployment progress together. The reforms announced, he said, underline India’s readiness to compete in technology-intensive global sectors, while ensuring growth remains inclusive, sustainable, and citizen-centric, firmly aligned with the vision of Viksit Bharat.
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Source: PIB









