Prime Minister Narendra Modi has labeled the freshly unveiled Union Budget 2026-27 a true game-changer, applauding Finance Minister Nirmala Sitharaman’s vision for India’s future. Presented on February 1 in Parliament, the budget zeroes in on empowering MSMEs, skilling the workforce, building world-class infrastructure, and strengthening health and education sectors.
Taking to social media platform X, Modi elaborated on the budget’s transformative elements: from regulatory reforms and MSME support to skill enhancement programs and futuristic infra projects. ‘This is our roadmap to economic resurgence,’ he stated.
At the heart of the budget lies robust support for micro, small, and medium enterprises, which power 30% of GDP and sustain over 110 million jobs. Measures include easier loans, regulatory easing, and incentives for global market integration, enabling these businesses to innovate and expand amid competitive landscapes.
Employment generation through skill training is another cornerstone. The government proposes industry-academia collaborations to train youth in high-growth areas like renewables, AI-driven manufacturing, and digital tools, bridging the skill gap effectively.
Massive investments flow into infrastructure, covering digital highways, green energy grids, efficient logistics, and smart cities. These projects promise to streamline trade, boost connectivity, and spur regional development.
Prioritizing human capital, the budget ramps up funding for healthcare and education, introducing reforms to reach marginalized communities. This comes at a critical juncture, with global supply chain shifts offering India strategic opportunities.
Analysts view the budget as a masterstroke in fiscal discipline and forward-looking investments, reinforcing India’s economic resilience and growth trajectory.