Jammu and Kashmir Lt Governor Manoj Sinha on Sunday hailed the Union Budget 2026-27, saying that it charts a path to a $5 trillion economy milestone within a few years, and added that the budget also takes the initiative to generate fresh employment opportunities and invigorate the tourism industry with renewed vigour.
The Lieutenant Governor has posted on X: “My heartfelt thanks to Hon’ble Finance Minister Smt. Nirmala Sitharaman Ji for a pragmatic Budget for Viksit Bharat. Grateful to Hon’ble PM Shri Narendra Modi Ji for putting economy on a fast-track and bold development initiatives for poor, youth, farmers and women.
L-G Manoj Sinha hailed the Budget 2026-27 as pragmatic, which he said will prioritise economic acceleration, create future-ready infrastructure, sustain growth momentum, chart a path to the $5 trillion economy milestone within a few years, and a comprehensive fiscal strategy will balance growth ambition with social welfare.
Expressing gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman on the 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 vigour.
Big boost to the middle class. The revised tax rate structure is a historic move to bring change in the lives of middle class. PM has also provided huge relief to taxpayers by raising the TDS limit on rent, enhancing social security and formalising the gig economy, he said. Adding that the Budget 2025-26 reflects India’s growing aspiration for accelerated growth and to stimulate private sector investments.
The Lieutenant Governor observed that with Artificial Intelligence, job creation and service sector enhancement taking centre 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.
“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.
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