On this Special Report, the focus is on the comprehensive economic reforms and strategic manufacturing proposals presented by Union Finance Minister Nirmala Sitharaman. Highlighting the ‘Reform Express’ momentum, the Minister stated, ‘I propose the biopharma Shakti with an outlay of 10,000 crores over the next five years’ to establish India as a global manufacturing hub for biologics and biosimilars. The transcript details the expansion of the India Semiconductor Mission to ISM 2.0 and an increased outlay of ₹40,000 crore for electronics components. Key interventions include the development of rare earth corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu, alongside the establishment of three dedicated chemical parks. Furthermore, the Minister introduced the Mahatma Gandhi Gram Swaraj initiative to strengthen Khadi and village industries, and a ₹10,000 crore scheme for global container manufacturing. These measures aim to scale up seven strategic sectors, rejuvenate legacy industries, and modernize the textile skilling ecosystem through Samarth 2.0 to accelerate India’s long-term economic growth and productivity.
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