Budget 2026-27 charts path to $5 trillion economy milestone within few years: LG Sinha
JAMMU, FEBRUARY 01: Lieutenant Governor, Shri Manoj Sinha today hailed the Budget 2026-27 as pragmatic which he said will prioritize 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.
Expressing gratitude to the Hon’ble Prime Minister Shri Narendra Modi and Hon’ble Union Finance Minister Smt. Nirmala Sitharaman on development of ecologically sustainable mountain trails in J&K UT, the Lieutenant Governor said that the initiative will generate fresh employment opportunities and invigorate our tourism industry with renewed vigor.
“Budget for 2026-27 emphasizes accelerating economic expansion, strengthening infrastructure, advancing manufacturing capabilities across 7 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 specialized rare earth zones,” the Lieutenant Governor said.
The Lieutenant Governor observed that with Artificial Intelligence, job creation and service sector enhancement taking center stage, India’s competitive edge will strengthen across every economic domain, while this progressive financial blueprint will establish the foundation for comprehensive sectoral expansion and global prominence.
“Budget 2026-27 charts the path to a $5 trillion economy milestone within a few years and presents our ambitious vision to achieve developed economy status in less than 2 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,” the Lieutenant Governor said.
