In a significant move to boost the state's economic growth, the Finance Minister today presented the Kerala State Budget for the financial year 2026-27. The budget heavily prioritizes investments in Information Technology, digital infrastructure, and the modernization of public education.
IT Sector Earmarked for Massive Expansion
An allocation of ₹500 Crores has been earmarked for the development of new IT parks across tier-2 cities, aiming to decentralize tech growth beyond Trivandrum and Kochi. Additionally, a new startup incubation fund of ₹100 Crores was announced to support emerging technologies including AI and green energy solutions.
Focus on Higher Education
Acknowledging the need to align academic curriculums with industry demands, the budget proposes the establishment of three new centers of excellence within existing state universities. Furthermore, scholarship grants for research students have been increased by 20%.