Saturday, January 31, 2026

FM Nirmala Sitharaman unveils 6-step process for India's growth

 Finance Minister Nirmala Sitharaman says semiconductor mission 2.0 will be launched and focus will also be on industry-led research and training centres to develop tech and skilled workforce.










FM Nirmala Sitharaman: 6-step process for India's growth


Nirmala Sitharaman projected a six-step process for India's growth. 


"To accelerate and sustain economic growth, I propose interventions in six areas -Scaling up manufacturing in 7 strategic sectors; Rejuvenating legacy industrial sectors; Creating champion MSMEs; Delivering a push for infra; Ensuring long-term security and stability; Developing city economic regions."  


Bonus for poll bound Tamil Nadu, Kerala and two other states



Sitharaman presented the proposal for dedicated rare earth corridors connecting Tamil Nadu, Odisha, Andhra Pradesh and Kerala.


Ms Sitharaman presents three kartavyas that would help in the country's growth. She adds that growth, people's aspirations, and Sabka Saath Sabka Vikas are the three kartavyas.


Nirmala Sitharaman praised PM Narendra Modi, says he has chosen action over ambivalence, reform over rhetoric. 






FM proposed to set up Rs 10,000 crore MSME growth fund to create future champions," announces Nirmala Sitharaman.



As many as seven high-speed rail corridors will be built as development linkages between cities, announces Finance Minister.



Nirmala Sitharaman announces thar capital expenditure has been increased to Rs 12.2 lakh crore for fiscal 2027.


Bio-pharma scheme announced


Finance Minister proposes Bio Pharma Shakti with an outlay of Rs 10,000 crores over the next five years. "This will build an ecosystem for domestic production". 


Ends


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FM Nirmala Sitharaman unveils 6-step process for India's growth

  Finance Minister Nirmala Sitharaman says semiconductor mission 2.0 will be launched and focus will also be on industry-led research and tr...