NEW DELHI, Feb 1 (Reuters) - India’s Finance Minister Nirmala Sitharaman presented the 2026/2027 budget to parliament on ​Sunday aiming to lift manufacturing and generate jobs in ‌the world’s most populous country.

Here are the highlights:

* Finance Minister says India ‌faces disruptive external environment, must stay deeply integrated with global markets

* Says to sustain reform momentum, focus on strong finance sector and new technology

*Economic survey report ahead of budget projects ⁠6.8%-7.2% growth for 2026/27

INCREASE ‌IN SPENDING

*Proposes to increase capital spending to 12.2 trillion rupees ($133.08 billion) in 2026/27 from 11.2 ‍trillion rupees in 2025/26

*To scale up manufacturing in seven sectors, push infrastructure

* To develop India as global pharma manufacturing hub

* To allocate ​100 billion rupees for biopharma over 5 years

* Proposes to ‌increase 400 billion rupees spending for semi-conductor manufacturing

* Proposes to develop seven high-speed rail corridors

* Proposes spending 200 billion rupees for carbon emission cutting programmes over 5 years

* Proposes to set up 100 billion rupees growth fund to support ⁠small businesses

ECONOMIC REFORMS

* To set up ​high level committee to suggest banking ​reforms

* Proposes allowing people outside India to invest in equity of listed companies

* To increase investment ‍limit for individual ⁠PROIs (Persons resident outside India) to 10% from 5%

* Overall investment limit for all PROIs raised to 24% from ⁠10%

* Proposes new framework with suitable access to funds and derivatives on ‌corporate bond indices

($1 = 91.6710 Indian rupees)

(Reporting by Manoj ‌Kumar; Editing by Sanjeev Miglani)

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