In a landmark announcement during the Budget 2026 presentation, Finance Minister Nirmala Sitharaman unveiled ambitious plans aimed at supercharging India’s technological and creative sectors. A key highlight was the re-energized India Semiconductor Mission 2.0, which saw its allocation dramatically increased to a staggering Rs 40,000 crore. This significant boost underscores the government’s unwavering commitment to establishing India as a global hub for semiconductor manufacturing and design.
The enhanced mission is poised to attract further investments, foster cutting-edge research and development, and create a robust ecosystem for chip production domestically. This move is critical for India’s strategic autonomy in electronics and will pave the way for numerous job opportunities in high-tech manufacturing and engineering.
Beyond semiconductors, FM Sitharaman also cast a spotlight on the burgeoning Animation, Visual Effects, Gaming, and Comics (AVGC) sector. Recognizing its immense potential for growth and employment, the Minister highlighted its rapid expansion, projecting a demand for an astounding 2 million skilled professionals by 2030. This burgeoning industry represents a vibrant new frontier for India’s youth, offering creative and lucrative career paths.
The government’s focus on AVGC signals a strategic intent to nurture and scale this sector, likely through initiatives promoting skill development, educational programs, and infrastructure support. By preparing a skilled workforce, India aims to capitalize on the global demand for AVGC content and services, positioning itself as a leader in digital creative industries.
Together, these announcements from Budget 2026 paint a vivid picture of an India accelerating towards a future driven by high technology and creative prowess. The increased investment in semiconductors and the strategic focus on nurturing the AVGC sector are testament to a vision that prioritizes innovation, job creation, and economic self-reliance.
Source: Original Article
