India & Brazil Set $30 Billion Trade Target by 2030, Sign Rare Earths & Digital Pacts

This year’s Budget gestures toward long-term systems through infrastructure and digital investment, but stops short of a decisive shift from scheme-driven governance to durable institutional reform.

India’s rare earth policy is entering a decisive phase. With the Union Budget 2026–27 announcing Dedicated Rare Earth Corridors and the government already approving a manufacturing scheme for rare earth permanent magnets, New Delhi is signalling that critical minerals can no longer be treated as peripheral inputs. Rare earths now sit at the centre of India’s ambitions in clean energy, advanced manufacturing, and strategic autonomy. The challenge ahead is not geological availability but the ability to build an integrated ecosystem that moves from mining and processing to high-value manufacturing, while aligning domestic capacity with global supply chains.