Lieutenant Governor Manoj Sinha Praises Pragmatic Budget 2026-27
In an official statement on Sunday, Lieutenant Governor Manoj Sinha commended the Budget 2026-27 as a pragmatic and forward-thinking financial plan that prioritizes economic acceleration and the creation of future-ready infrastructure. Sinha highlighted the budget’s focus on sustaining growth momentum and charting a path towards achieving a $5 trillion economy milestone within a few years. He also emphasized that the comprehensive fiscal strategy outlined in the budget aims to balance growth ambition with social welfare initiatives.
Expressing gratitude towards Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman, Sinha specifically acknowledged the development of ecologically sustainable mountain trails in Jammu and Kashmir. He noted that this initiative is expected to generate fresh employment opportunities and revitalize the region’s tourism industry.
Transformative Impact on Industries
According to LG Sinha, the Budget 2026-27 places a strong emphasis on accelerating economic expansion, strengthening infrastructure, and advancing manufacturing capabilities across seven strategic sectors. He highlighted the significance of the budget in providing renewed momentum for semiconductor advancement through the India Semiconductor Mission (ISM) 2.0. Additionally, Sinha mentioned that the budget aims to reduce India’s reliance on other countries for rare earth elements by establishing specialized rare earth zones.
Focus on Sectoral Expansion and Global Prominence
With a focus on Artificial Intelligence, job creation, and enhancing the service sector, India is poised to strengthen its competitive edge across various economic domains. LG Sinha believes that the progressive financial blueprint outlined in the budget will lay the foundation for comprehensive sectoral expansion and global prominence.
Path to a $5 Trillion Economy
Sinha stated that the Budget 2026-27 charts a clear path towards achieving a $5 trillion economy milestone within a few years, with the ambitious vision of attaining developed economy status in less than two decades. The budget also promises unprecedented empowerment for youth, women, and farmers. By focusing on manufacturing, infrastructure, MSMEs, healthcare, urban advancement, electronics, and supply networks, the government aims to maintain the country’s economic momentum and boost domestic production while generating substantial employment opportunities.
