New Delhi, February 1 (IANS). Finance Minister Nirmala Sitharaman has announced in the budget on Sunday to increase capital expenditure to Rs 12.2 lakh crore for the financial year 2026-27. Through this, the government is trying to increase the growth rate and employment in the country by focusing on big infrastructure projects.
Presenting the budget, the Finance Minister said that Infrastructure Risk Development Fund will be set up to accelerate the development of big projects.
He said that to accelerate economic growth, the Budget proposes to give a strong boost to infrastructure including highways, ports, railways and power projects, promote manufacturing in 7 strategic sectors and rapidly create small and medium enterprises (MSMEs).
He said the government has maintained fiscal prudence and monetary stability with a strong emphasis on public investment, and further said India should engage deeper with global markets, export more and also attract foreign investment.
Additionally, the Finance Minister in his speech described the three ‘duties’ as the basis of the budget, which will not only boost the economy but also empower the poor, deprived and backward people.
Sitharaman said that to fulfill the ‘resolution’ of the government and considering that this is the first budget prepared in Dutva Bhavan, we are driven by three duties.
Presenting the Union Budget 2026-27, he said the first duty is to accelerate and sustain economic growth by enhancing productivity and competitiveness and building resilience to volatile global dynamics. Our second duty is to fulfill the aspirations of our people and build their capacity, making them strong partners in India’s path to prosperity.
He further said that our third duty, which is aligned with our vision of ‘Sabka Saath-Sabka Vikas’, is to ensure that every family, community, area and sector gets access to resources.”
He further said that ‘Reform Express’ is moving fast on its path and will maintain its momentum to help us fulfill our duties.
–IANS
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