The 2026-27 budget set a record INR 12.2 lakh crore in public capex focused on manufacturing, infrastructure and energy security. In October the government approved the IDBI Bank stake sale and opened infrastructure projects in Ladakh, continuing privatization and regional investment.
Government · leader
President Droupadi Murmu (head of state); Prime Minister Narendra Modi (head of government)
Key national agenda
- Viksit Bharat (Developed India) 2047
- Manufacturing: semiconductors, EVs, electronics, biopharma, rare earths
- Logistics infrastructure: high-speed rail, dedicated freight corridors, inland waterways
- MSME and rural enterprise support, digital public infrastructure
- Energy security and carbon capture (CCUS)
- Stake sales in state firms and public banks
Government programmes
2026-27 public capital expenditureINR 12.2 lakh crore
Effective capex 4.4% of GDP, a record
Seven high-speed rail corridors; Dankuni-Surat dedicated freight corridor
Announced in the 2026-27 budget
CCUS programmeINR 20,000 crore
Five-year support for carbon capture, utilization and storage
City Economic RegionsINR 5,000 crore per region over 5 years
Focused investment by urban economic region
Sale of 60.72% of IDBI BankINR 52,878 crore
Approved by CCEA on 2026-10-14; government and LIC stakes sold to a Fairfax subsidiary
Five Ladakh infrastructure projectsabout INR 3,350 crore
Dedicated by PM Modi on 2026-10-15: new Leh airport terminal, Nimmu-Padum-Darcha road (298 km), Hanu hydro (9 MW) and more
Business opportunities
Quick-commerce and online channel listing for Korean consumer-goods SMEs in India
KOTRA is expanding its Chennai consumer-goods program and K-beauty marketing.
Indian online/offline retailers, quick-commerce platforms
Korea-India CEPA utilization and rules-of-origin consulting
Both sides are discussing a CEPA upgrade and aim to double trade by 2030.
Korean SMEs and mid-sized firms exporting to India
Local supply-chain and partner due-diligence for Korean manufacturers
Support for entering Indian supply chains in chips, EVs and electronics is expanding.
Korean component makers entering India; Indian OEMs
AI workflow-automation tools for Indian MSMEs via local partners
The budget prioritizes MSMEs and digital public infrastructure.
Indian MSMEs, industry associations
Korean support schemes
- Korea-India Business Partnership Plus · KOTRA — Held a CEPA forum and meetings between 39 Korean firms and 41 buyers in New Delhi in August 2026, with consumer-goods and semiconductor events following in the second half.
- 2026 K-Lifestyle in Chennai consumer-goods program · KOTRA Chennai — Online meetings, sample testing, channel listings and digital marketing for Korean consumer goods.
- KOTRA Academy India market-entry course · KOTRA — Practical training on entering the Indian market.
Official notices
Press Information Bureau, Government of India
- 2026-10-15 PM Modi dedicates five Ladakh projects worth about INR 3,350 crore
- 2026-10-14 CCEA approves sale of 60.72% of IDBI Bank
- 2026-10 Cabinet approves accession to the Southern Indian Ocean Fisheries Agreement (SIOFA)
- 2026-02-01 Union Budget 2026-27: capex INR 12.2 lakh crore
Disaster · conflict · epidemic
High 2026-10-30
Cyclone Arnab made landfall in Andhra Pradesh (10/28): at least 3 dead, 180,000+ evacuated · Heavy rain isolates about 300 villages in Odisha (10/29)
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