From imports to independence: How Union Budget 2026–27 repositions India in critical minerals

In the global transition toward clean energy and advanced manufacturing, critical minerals have emerged as strategic assets. Lithium, rare earths, cobalt, and graphite now underpin industries ranging from electric vehicles to defence systems. India’s dependence on imports for these materials has long constrained its industrial ambitions. The Budget for the year 2026–27 (“Budget”) signals a decisive shift toward reducing this vulnerability through coordinated fiscal, regulatory, and institutional reforms.

Click here to read the full article.

Authors: Kartikeya G.S., Partner, Mehar Vasant, Senior Associate, Sneha Sehgal, Associate, JSA

Publication: ET Insights