The most noticeable impact will be on commodities which India sources from the Middle-East as raw materials or feedstock
The second half of the Budget session resumes today with a heated agenda, including an opposition motion to remove Speaker Om Birla and the Centre's briefing on the widening West Asia conflict.
Siddaramaiah, who also holds finance portfolio, on Friday presented his record 17th budget in the Karnataka Assembly with an outlay of Rs 4.48 lakh crore.
The second phase of the Budget session starts on March 9, and it is scheduled to go up to April 2, during which essential legislative and other business is expected to be addressed primarily.
Despite recording an 8.1 percent GSDP growth, Karnataka's budget highlights mounting debt concerns, with total outstanding liabilities reaching nearly 25 percent of GSDP
Karnataka CM Siddaramaiah said an aerospace park will be developed adjacent to Mysuru airport under KIADB to boost the region’s aerospace industry.
Chief Minister Siddaramaiah says state will set up a Karnataka Skill Intelligence and Strategy Unit under KSDA in collaboration with KDEM to strengthen labour market intelligence and global skill partnerships
The government has increasingly been pushing the development of technology ecosystems in cities such as Mysuru, Mangaluru, Hubballi-Dharwad and other emerging hubs in its beyond Bengaluru push
Karnataka Chief Minister Siddaramaiah also said the first phase of Tree Park project at NGEF premises in Byappanahalli will open to the public this year
The move is aimed at easing pressure on Bengaluru’s infrastructure while creating new growth centres for the technology industry
The proposed campus will be developed by the ART-PARK at IISc in collaboration with Isro and Keonics
The charging infrastructure will be developed under the PM-E Drive scheme at an estimated cost of Rs 777 crore.
In Budget 2026-27, the state govt also announced it will start diploma courses in selected universities to provide soft skill training to the tourist guides.
From AI tutors for students to smart grievance systems and robotics hubs, Karnataka budget outlines multiple initiatives to strengthen its technology ecosystem
The budget also reiterates push to build a film city in Mysuru, a long-pending project designed to strengthen the infrastructure for the Kannada film industry
CM Siddaramaiah says 41 km of additional metro lines will be completed in FY27, benefiting around 15 lakh commuters daily
Presenting the budget, Siddaramaiah said state government had increased the grant for Bengaluru’s development from Rs 3,000 crore to Rs 7,000 crore in 2025-26, and the same allocation will continue in 2026-27
Budget size likely around Rs 4.5 lakh crore as Congress-led state government balances welfare guarantees, infrastructure push and rising fiscal pressures
PM Modi emphasised that such initiatives showcase both India's technological progress and its rich cultural heritage to the world
Cuba’s Ambassador to India, Juan Carlos Marsan Aguilera, said Havana had returned with a high-level delegation to deepen engagement in sectors central to its development strategy.
Addressing earlier criticism, Kumar said skepticism was fair but stemmed from misunderstanding the company’s strategy. “You don’t suddenly start running. You crawl, you walk, and then you run,” he said.
On the AI related opportunities, Oxman said that India being the world’s largest democracy, and having more than 1.4 billion people where innovation is free to flourish – is the most exciting aspects for the technology industry.
The other point is instead of using taxpayer dollars to make investments under Pax Silica, we're looking at incentives, the US officials replied to Moneycontrol.
"Everybody is stealing each other's engineers, and working on the same thing because nobody can afford to do something slightly different and then run the risk of falling behind," said AI Godfather Yann LeCun.
The impact could rise to as much as 60 per cent in advanced economies, while for India the figure is expected to be lower, around 26 per cent.