Jammu, Feb 01: Lieutenant Governor Manoj Sinha on Sunday hailed the Union Budget 2026-27, describing it as a pragmatic and forward-looking fiscal roadmap that prioritises economic acceleration, future-ready infrastructure and sustained growth.
In a statement, the Lieutenant Governor said the budget charts a clear path towards achieving the $5 trillion economy milestone within the next few years, while striking a balance between ambitious growth targets and social welfare commitments.
He expressed gratitude to the Hon’ble Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for initiatives such as the development of ecologically sustainable mountain trails in the Union Territory of Jammu and Kashmir, noting that the move would generate new employment opportunities and give a fresh impetus to the tourism sector.
The Lieutenant Governor said the Budget 2026–27 focuses on accelerating economic expansion, strengthening infrastructure and advancing manufacturing across seven strategic sectors, while maintaining a strong emphasis on welfare measures. He noted that the budget is expected to have a transformative impact on emerging industries, provide renewed momentum to semiconductor development under India Semiconductor Mission 2.0, and reduce India’s dependence on imports of rare earth elements through the creation of specialised rare earth zones.
Observing that artificial intelligence, job creation and service sector growth have been placed at the centre of the economic strategy, the Lieutenant Governor said India’s competitive edge is set to strengthen across all domains, laying the foundation for comprehensive sectoral expansion and enhanced global standing.
“The Budget 2026–27 presents an ambitious vision to achieve developed economy status in less than two decades. It also promises unprecedented empowerment for youth, women and farmers. With manufacturing, infrastructure, MSMEs, healthcare, urban development, electronics and supply chains forming the core of the future strategy, the country will be able to expand domestic production and ensure substantial employment generation,” he added. (GNS)
