THEBUSINESSBYTES
BUREAU
NEW DELHI,
FEBRUARY 1, 2026
Union Budget 2026–27 charts a
confident and inclusive roadmap for India’s next phase of economic expansion,
with a sharp focus on youth, skills and future-ready industries, said Jayant
Chaudhary, Minister of State (Independent Charge) for Skill Development and
Entrepreneurship and Minister of State for Education.
Welcoming the Budget presented by
Union Finance Minister Nirmala Sitharaman, Chaudhary said it reflects the
visionary leadership of Prime Minister Narendra Modi and balances ambition with
responsibility. He described it as a “Yuva Shakti–driven Budget” firmly
anchored in the vision of Viksit Bharat 2047, reinforcing fiscal discipline
while accelerating growth through strategic investments and structural reforms.
A major highlight, he noted, is the
strong thrust on manufacturing, MSMEs and services as core growth engines.
Targeted investments in biopharma, semiconductors, electronics, textiles under
SAMARTH 2.0, chemicals, capital goods and sports manufacturing are expected to
deepen domestic value chains and strengthen India’s position as a global
production hub. Measures such as the three-pronged MSME framework, a ₹10,000 crore SME Growth Fund, TReDS-based liquidity and
“Corporate Mitras” for professional support will help enterprises
scale up and compete globally.
Chaudhary underlined that the Budget’s
defining feature is its decisive push towards skill development and human
capital. The Ministry of Skill Development and Entrepreneurship has received a
62 per cent hike in allocation to ₹9,885.80
crore, underscoring the government’s resolve to place skills at the centre of
economic transformation. Programmes aligned with industry needs are designed to
seamlessly bridge education, employment and entrepreneurship.
He also welcomed the renewed emphasis
on services such as healthcare, IT, AVGC, design, hospitality and medical value
tourism, alongside sustained public capital expenditure to crowd in private
investment, particularly in Tier-II and Tier-III cities.
Highlighting agriculture and allied
sectors, Chaudhary said the Budget will boost high-value farming, fisheries,
FPOs and agri-startups, opening new opportunities for rural youth and women
entrepreneurs. He added that focused support for women, Divyangjans, sports manufacturing
and initiatives like SportsEdge Meerut underline the Budget’s inclusive and
future-oriented approach.
“Taken together, Budget 2026–27 is not just a
financial statement, but a national mission document that strengthens economic
foundations, unlocks enterprise and invests deeply in India’s people,” he said.
