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Budget 2026 moots several proposals to rejuvenate indigenous shipping
Image source: thehindu.com

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Budget 2026 moots several proposals to rejuvenate indigenous shipping

The Finance Minister announced plans to increase the share of inland and coastal shipping in total cargo transportation from 6% to 12%. This is aimed at rejuvenating the indigenous shipping industry in India. The move is significant as it will boost the logistics infrastructure and promote sustainable transportation methods.

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Key points

Exam-ready takeaways

The government aims to increase the share of inland and coastal shipping in total cargo carried through road, rail and water from 6% to 12%

The Finance Minister announced this proposal in the Union Budget 2026 speech

The move is intended to rejuvenate the indigenous shipping industry in India

Increasing the share of waterways-based cargo transport will boost logistics infrastructure and promote sustainable transportation

No specific timeline or budgetary allocation for this proposal was mentioned in the Budget speech

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