New Delhi witnessed a pivotal moment in economic discourse as Finance Minister Nirmala Sitharaman underscored self-reliance, or Atmanirbhar Bharat, as the cornerstone of the central government’s economic blueprint. Speaking in the Rajya Sabha on Thursday during discussions on the 2026-27 Union Budget, she emphasized a sharp focus on bolstering domestic manufacturing capabilities.
The budget, she asserted, prioritizes expanding India’s homegrown production prowess while securing energy independence. This strategic pivot not only aims to fortify the economy but also empowers citizens to stand on their own feet. ‘Our measures to simplify lives, generate employment, boost agricultural productivity, and enhance domestic purchasing power are integral to this vision,’ Sitharaman declared.
In a rare economic sweet spot dubbed the ‘Goldilocks moment,’ India enjoys robust growth with inflation at historic lows. This isn’t mere luck, the minister clarified, but the fruit of sustained government efforts, meticulous planning, and timely policy interventions.
Quoting the National Statistical Office’s advance estimates, she revealed a projected real GDP growth of 7.4% for 2025-26, with nominal growth nearing 8%. These figures paint a picture of resilience amid global uncertainties.
Turning to human capital, Sitharaman highlighted ambitious plans to train one lakh allied health professionals over the next five years. With Rs 1,000 crore allocated this year, the initiative promises job creation, stronger healthcare infrastructure, and a boost to medical tourism.
Further, she announced a high-level committee to bridge education with employment and entrepreneurship. Tasked with preparing India’s youth for capturing 10% of the global services market by 2047, the panel will zero in on IT, fintech, logistics, healthcare, tourism, and creative services.
This comprehensive approach signals India’s determination to evolve into a self-sustaining economic powerhouse, blending innovation with inclusivity for a prosperous future.