LG Sinha hails Budget as pragmatic
Jammu, Feb 1: Lieutenant Governor Manoj Sinha on Sunday hailed the Budget 2026-27 as pragmatic which he said will prioritise economic acceleration, create future-ready infrastructure, sustain growth momentum, chart path to $5 trillion economy milestone within few years and comprehensive fiscal strategy will balance growth ambition with social welfare.
Thanking Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman on development of ecologically sustainable mountain trails in J&K, the LG said that the initiative would generate fresh employment opportunities and invigorate J&Kís tourism industry with renewed vigour.
"Budget for 2026-27 emphasises accelerating economic expansion, strengthening infrastructure, advancing manufacturing capabilities across seven strategic sectors, while maintaining a steadfast commitment to welfare. It will have a transformative impact in burgeoning industries, renewed momentum for semiconductor advancement through India Semiconductor Mission (ISM) 2.0, and a substantial stride toward diminishing India's reliance on other countries for rare earth elements with specialised rare earth zones," he said.
LG Sinha said that with Artificial Intelligence, job creation and service sector enhancement taking centre stage, India's competitive edge would strengthen across every economic domain, while this progressive financial blueprint would establish the foundation for comprehensive sectoral expansion and global prominence.
"Budget 2026-27 charts the path to a 5 trillion dollar economy milestone within a few years and presents our ambitious vision to achieve developed economy status in less than two decades. The budget also promises unprecedented empowerment for youth, women, and farmers. With manufacturing, infrastructure, MSMEs, healthcare, urban advancement, electronics, and supply networks forming the core of the future strategy to maintain the country's economic momentum, I believe we will be able to expand domestic production and ensure substantial employment generation," he said.
