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J&K L-G Hails Budget's Tourism Boost and $5 Trillion Economy Roadmap

Jammu and Kashmir Lieutenant Governor Manoj Sinha praised the Union Budget 2026-27 as a pragmatic blueprint for economic acceleration. He highlighted its initiative to develop ecologically sustainable mountain trails, which will boost tourism and generate fresh employment in the UT. The budget emphasizes strengthening infrastructure, advancing manufacturing, and reducing import reliance through specialized rare earth zones. Sinha stated this financial plan sets the foundation for comprehensive sectoral growth and aims to achieve developed economy status within two decades.

Key Points: Budget 2026-27 to Boost J&K Tourism and Jobs: L-G Sinha

  • Charts path to $5 trillion economy
  • Invigorates J&K tourism & employment
  • Focuses on infrastructure & strategic sectors
  • Empowers youth, women, and farmers
2 min read

Union Budget: L-G Manoj Sinha hails initiative to invigorate J&K tourism industry with renewed vigour

Lt Governor Manoj Sinha hails Union Budget 2026-27 for its focus on invigorating J&K tourism, creating jobs, and charting a path to a $5 trillion economy.

"The initiative will generate fresh employment opportunities and invigorate our tourism industry with renewed vigour. - Lt Governor Manoj Sinha"

Jammu, Feb 1

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.

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.

"Budget for 2026-27 emphasises accelerating economic expansion, strengthening infrastructure, advancing manufacturing capabilities across 7 strategic sectors, while maintaining a steadfast commitment to welfare. It will have a transformative impact in burgeoning industries, renewed momentum for semiconductor advancement through India Semiconductor Mission (ISM) 2.0, and a substantial stride toward diminishing India's reliance on other countries for rare earth elements with specialised rare earth zones," the Lieutenant Governor said.

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.

"Budget 2026-27 charts the path to a $5 trillion economy milestone within a few years and presents our ambitious vision to achieve developed economy status in less than two decades. The budget also promises unprecedented empowerment for youth, women, and farmers," he said.

"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.

- IANS

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Reader Comments

P
Priya S
The $5 trillion economy target is ambitious. While the focus on tourism in J&K is good, I hope the budget also addresses the basic infrastructure needs in the region—better roads, reliable electricity, and healthcare facilities are just as important for sustainable development.
R
Rohit P
Finally some concrete steps for J&K's development! Tourism can be a game-changer. The mention of AI and semiconductor missions shows a forward-looking vision. Let's hope the execution matches the promise. Jai Hind!
S
Sarah B
As someone who loves trekking, I'm thrilled about the sustainable mountain trails. It's crucial they are built responsibly to protect the fragile Himalayan ecosystem. This could put J&K on the map for international adventure tourism.
V
Vikram M
The budget sounds comprehensive on paper. My only respectful criticism is that we hear these big numbers and visions every year. The real test is on-ground implementation and whether the benefits actually reach the common people in places like J&K. Fingers crossed.
K
Kavya N
Empowering youth and women is key. If tourism booms in J&K, it should specifically create opportunities for local women entrepreneurs—homestays, guide services, handicrafts. That would be true inclusive growth. 👍

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