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Scindia Hails Budget as Roadmap for Developed India, Eyes Top-3 Economy

Union Minister Jyotiraditya Scindia has lauded the Union Budget 2026-27 as a clear roadmap for realizing the vision of a developed India. He highlighted key economic indicators, including India's GDP growth from $2 trillion to $4.3 trillion over the past decade and record-low inflation. The budget significantly boosts infrastructure investment and allocates more funds for the North-eastern states and the telecom sector. Finance Minister Nirmala Sitharaman presented the Rs 53.5 lakh crore budget, focusing on manufacturing, agriculture, tourism, and future technologies like AI.

Key Points: Union Budget 2026-27: A Roadmap for a Developed India, Says Scindia

  • GDP doubled to $4.3T in 10 years
  • World's lowest inflation at 1.7%
  • Infrastructure investment up 6X since 2014
  • 50% higher NE budget allocation
  • Fiscal deficit target of 4.3%
2 min read

Union Budget shows a clear roadmap for a developed India: Jyotiraditya Scindia

Union Minister Jyotiraditya Scindia praises the budget's vision for economic strength, infrastructure, and future tech, projecting India as third-largest economy by 2027.

"This budget... presents a roadmap for the country's economic strength, infrastructure expansion, and future technologies. - Jyotiraditya Scindia"

Gwalior, Feb 2

Union Minister for Communications and Development of North Eastern Region, Jyotiraditya Scindia, said on Monday that the Budget for financial year 2026-27 fulfills the aspirations of the people and takes decisive steps towards realising the national resolve of a developed India at the grassroots level.

Scindia, who is a BJP MP from Madhya Pradesh's Guna, made this statement while addressing a press conference during a visit to Ashok Nagar (under Gwalior division).

The Minister described the Union Budget as "a clear roadmap for a Developed India".

"This budget, in line with Prime Minister Narendra Modi's vision, presents a roadmap for the country's economic strength, infrastructure expansion, and future technologies," Union Minister Scindia said, adding that "India is on track to be placed as the third largest economy by 2027".

Highlighting the key features of the Indian economy and the budget, Union Minister Scindia said that India's GDP has increased from $2 trillion to $4.3 trillion in the last 10 years.

He also pointed that inflation between April and December 2025 remained at only 1.7 per cent, which is the lowest in the world.

The fiscal deficit has been kept at 4.4 per cent and the target is to bring it down to 4.3 per cent next year, Union Minister Scindia said.

Infrastructure investment has been increased from Rs 2 lakh crore in 2014 to Rs 12 lakh crore, the Union Minister added.

Speaking about the budget allocation specifically for the North-eastern states, he said that the Union government has increased the budget allocation by 50 per cent with a provision of Rs 6,800 crore, and Rs 72,000 crore has been allocated for the telecom sector.

"Prime Minister Narendra Modi'led Union government has made major announcements in the budget for fundamental issues such as textiles, infrastructure, agriculture, services, and education, but at the same time, keeping in mind the needs of the future, it has showered gifts upon content creators, tourism, and artificial intelligence," he added.

Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget for the financial year 2026-27, announcing a slew of measures to boost manufacturing, a tax holiday for global data centres, and incentives for the agriculture and tourism sectors as she unveiled a Rs 53.5 lakh crore Budget seen as a long-term blueprint for sustaining growth amid rising global risks.

- IANS

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Reader Comments

P
Priya S
Good to see specific allocations for the North East and telecom. Connectivity is key for development. But I really want to see more details on how the AI and content creator "gifts" will translate to real opportunities for young people like me.
R
Rohit P
Inflation at 1.7% is impressive if true. My grocery bill hasn't felt that low, but if the macro numbers are good, it's a positive sign. The fiscal deficit target seems ambitious though. Hope it doesn't mean cuts in essential social spending.
S
Sarah B
As someone working in tourism, the incentives are very welcome! Post-pandemic, this sector needs all the help it can get. A clear roadmap is good, but the real test is implementation at the ground level.
K
Karthik V
Becoming the 3rd largest economy is a proud goal. The GDP growth story is strong. However, I respectfully disagree that it fulfills *all* aspirations. The middle class is still waiting for significant income tax relief. The budget could have done more on that front.
M
Meera T
Agriculture and textiles allocations are crucial for rural India. My family is in farming, and any support is needed. Hope the benefits reach the actual farmers and aren't lost in bureaucracy. The 50% increase for NE states is also a good step for inclusive growth.

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