Budget 2026-27: Reform Express on Freight Corridor to Boost Employment, Not Freebies
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News18•01-02-2026, 14:30
Budget 2026-27: Reform Express on Freight Corridor to Boost Employment, Not Freebies
- •Finance Minister Nirmala Sitharaman's 2026-27 budget focuses on employment, manufacturing, and the service sector, aiming to create significant job opportunities.
- •The budget emphasizes connecting education with employment by establishing educational hubs near industries and targets reducing unemployment to around three percent.
- •Increased capital expenditure of 12.21 lakh crore rupees (9% increase) signals a strategy to boost direct and indirect employment through infrastructure projects like roads, railways, and metros.
- •The government has introduced the Mahatma Gandhi Gram Swaraj Abhiyan to promote handicrafts and provide employment, allocating over 2.73 lakh crore rupees for rural development.
- •Significant allocations for manufacturing (PLI schemes for pharma, auto, electronics) and the service sector (logistics, digital payments) aim to create jobs and boost economic growth.
Why It Matters: The 2026-27 budget prioritizes employment generation through infrastructure, manufacturing, and service sector growth.
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