Expresses gratitude to PM Modi, FM Sitharaman on development of ecologically sustainable mountain trails in J&K
Jammu, Feb 01 (KNO) : Asserting that Budget 2026-27 charts the path to a $5 trillion economy milestone within a few years and presents India’s ambitious vision to achieve developed economy status, Lieutenant Governor Manoj Sinha on Sunday expressed gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman on development of ecologically sustainable mountain trails in Jammu and Kashmir.
Hailing the Budget 2026-27 as “pragmatic” LG Sinha, according to the news agency—Kashmir News Observer (KNO) said, “The initiative will generate fresh employment opportunities and invigorate our (J&K’s) tourism industry with renewed vigor.”
He said, “It will prioritize economic acceleration, create future-ready infrastructure, sustain growth momentum, chart path to $5 trillion economy milestone within few years and comprehensive fiscal strategy will balance growth ambition with social welfare.”
“Budget for 2026-27 emphasizes 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 specialized rare earth zones,” the Lieutenant Governor said.
The Lieutenant Governor observed that with Artificial Intelligence, job creation and service sector enhancement taking center 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 2 decades. The budget also promises unprecedented empowerment for youth, women, and farmers. 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—(KNO)
