Finance Minister Nirmala Sitharaman announces the Union Budget 2026-27, setting the tone for economic policy and public spending in the coming year. The industry welcomes the significant push for energy storage and battery manufacturing, including the INR 40,000 crore ECMS enhancement, explicit BCD exemptions for BESS, dedicated Rare Earth Corridors across Odisha, Kerala, Andhra Pradesh and Tamil Nadu, ISM 2.0 for semiconductor manufacturing, three Chemical Parks for battery chemicals, and deployment of 4,000 electric buses in the Northeast.