Experts highlight Biopharma, allied health skill development, and EV financing measures to boost domestic growth and innovation
Industry leaders in healthcare and clean mobility have welcomed provisions in the Union Budget 2026–27, saying they could significantly strengthen India’s talent pipeline, domestic manufacturing, and financing ecosystem for key sectors.
Healthcare Sector Support
Post-Budget Quote – Ayush Chauhan, Executive Director of Prakash Hospital:
“The Union Budget 2026 is a significant step for India’s healthcare and inclusive development. The Biopharma Shakti programme will boost domestic production of biologics and biosimilars, making treatments more affordable, especially for patients with cancer and diabetes.
Three new All‑India Institutes of Ayurveda, along with upgrades to seven existing ones, highlight the integration of traditional wellness with modern medical innovation.
Five regional medical hubs with Ayush centres, diagnostics, and post-care rehabilitation will create jobs and support medical value tourism. Over 1.5 lakh caregivers will be trained, and allied health institutes strengthened to build a robust care system covering geriatric, rehabilitative, and allied services.
With 1,000 clinical trial sites and a strengthened CDSCO for faster approvals, along with the Dibyangjan Yojana improving access for people with disabilities, these initiatives position India as a global hub for biopharma, holistic health, and inclusive care, enhancing patient outcomes and quality of life nationwide.”
Post-Budget Quote – Arjun Patel, Founder of Not Rocket Science:
“The Union Budget 2026–27 gives a boost to the health and biopharma industries of India with a focus on advanced technology through long-term capacity building and developing homegrown manufacturing capabilities. For health- and nutrition-focused consumer brands like us, this emphasis on strengthening indigenous manufacturing is especially encouraging. With more local manufacturing, supply chains become more resilient, there are improved quality standards, accelerated innovation, and reduced dependency on imported products.”
Clean Mobility and Financing
Post-Budget Quote – Kunal Mundra, Founder & CEO of Astranova Mobility:
“This Budget highlights the government’s emphasis on enabling financing for India’s future and the critical role specialised NBFCs play in the ecosystem. The Budget acknowledges that banks are not the only answer to India’s financing needs and that complex, niche industries require specialised financing institutions that offer more than simply credit, by truly understanding the asset lifecycle.
This shift moves financing away from one-size-fits-all lending towards more focused, developmental support. For companies working in clean mobility, this is an encouraging signal and reinforces that enabling India’s energy transition will require specialised financing institutions with the capabilities to enable deep financing penetration and faster adoption.”
Post-Budget Quote – Anant Badjatya, CEO of Indofast Energy:
“We welcome the Union Budget 2026–27 for its strong focus on India’s electronics and semiconductor ecosystem, vital for accelerating EV adoption. The outlay for the Electronics Components Manufacturing Scheme will localize key EV electronics and reduce import dependence. These initiatives strengthen the domestic EV value chain, support scalable models like battery swapping, and make electric mobility more affordable and accessible for two- and three-wheeler users.”
Post-Budget Quote – Ravi Mehra, Managing Director of Uno Minda:
“The addition of 35 capital goods for EV battery manufacturing to the list of exempted capital goods will meaningfully boost domestic manufacturing of lithium-ion batteries, reduce import dependence, and support the growth of electric mobility and energy storage in India. Overall, the Budget lays a strong foundation for sustainable and self-reliant manufacturing growth in the auto components sector.”
Overall Impact
Experts say that together, these initiatives strengthen India’s capacity in healthcare, allied services, biopharma, and clean mobility, while creating employment, enhancing domestic skill development, and positioning India as a global hub for talent, innovation, and sustainable technologies.