New Delhi: Finance Minister Nirmala Sitharaman has said the Union Budget 2026-27 is designed to accelerate economic growth and create more jobs across sectors. Addressing journalists after the presentation of the budget, the Finance Minister said: "The Budget focuses on building an ecosystem with structural reforms to improve productivity and create an environment that ensures employment generation across sectors. It is designed to maintain growth momentum through sustained economic expansion."
The emphasis on growth, reforms and job creation reflects the government’s push for a tech-driven and inclusive economic framework, she said. Explaining the fine print of her key proposals, the Finance Minister highlighted that the Rs 10,000 crore outlay earmarked in the Budget for the biopharma sector is aimed at ensuring India maintains its leadership in the global biopharma industry.
The Finance Minister also highlighted that in this year’s budget, health has been given equal importance, with special emphasis on mental health. She also expressed optimism about India’s new rare earth corridors proposed in the budget. She cited the example of the success achieved in the development of the existing defence corridors to illustrate her point.
She further stated that this budget is the first one in the second quarter of the century, leading towards the vision of becoming a developed nation by 2047, along with "Sabka Saath, Sabka Vikas".
A 'youth power' budget: PM ModiNew Delhi: Prime Minister Narendra Modi on Sunday hailed the Union Budget 2026-27, calling it a "highway of immense opportunities" and said that the "Reform Express" on which India is riding, "will gain new energy and momentum through this budget". In his remarks, the Prime Minister praised the Finance Minister and said, "Today's budget is historic. It is a strong reflection of India's 'Nari Shakti'. Nirmala Sitharaman has set a record of presenting the budget for the ninth consecutive time as a woman Finance Minister." He said that the budget is a "highway of immense opportunities", which will "turn the dreams of the present into reality" and lay a "strong foundation for India's bright future" and for the nation's "high flight" towards achieving the resolution of a Viksit Bharat by 2047. PM Modi said that the 'Reform Express' on which India is riding, "will gain new energy and momentum through this budget". "The path-breaking reforms open up the sky for our aspiring and talented youth to soar. This budget realises the vision of trust-based governance and a human-centric economic structure," he added. PM Modi said that this budget has presented a "bold vision to accelerate the 'Make in India' and 'Aatmanirbhar Bharat' missions". |
