Union Minister for Communications and Development of North Eastern Region, Jyotiraditya Scindia, commended the Budget for the financial year 2026-27, stating that it meets the people’s aspirations and takes significant steps towards achieving a developed India at the grassroots level. During a press conference in Ashok Nagar, Scindia, a BJP MP from Madhya Pradesh’s Guna, emphasized that the Budget outlines a clear path for a Developed India, aligning with Prime Minister Narendra Modi’s vision for economic strength, infrastructure growth, and future technologies.
Scindia highlighted key aspects of the Indian economy and the budget, noting that India’s GDP has surged from $2 trillion to $4.3 trillion over the past decade. He also pointed out that the inflation rate stood at a mere 1.7% between April and December 2025, the lowest globally. The fiscal deficit is maintained at 4.4%, with a target to reduce it to 4.3% next year, while infrastructure investment has risen from Rs 2 lakh crore in 2014 to Rs 12 lakh crore.
Discussing the budget allocation for North-eastern states, Scindia mentioned a 50% increase in the budget allocation by the Union government, amounting to Rs 6,800 crore, with Rs 72,000 crore earmarked for the telecom sector. He also highlighted the government’s focus on fundamental sectors like textiles, infrastructure, agriculture, and services, along with provisions for content creators, tourism, and artificial intelligence to cater to future needs.
Finance Minister Nirmala Sitharaman unveiled the Union Budget for the financial year 2026-27 on February 1, introducing measures to bolster manufacturing, provide a tax holiday for global data centers, and offer incentives for agriculture and tourism sectors, in a bid to sustain growth amidst escalating global uncertainties.
