Uttar Pradesh's Historic Budget 2026-27 Receives Widespread Industry Acclaim
Industry leaders from multiple sectors have enthusiastically welcomed the Uttar Pradesh government's monumental Budget for the fiscal year 2026-27, which was presented on Wednesday. The budget, totaling an unprecedented Rs9,12,696 crore, has been described by business honchos as fundamentally growth-oriented and perfectly aligned with the state's ambitious goal of transforming into a trillion-dollar economy.
Healthcare Sector Receives Major Boost
Dr. Upasana Arora, Chairperson of CII (UP) and Managing Director of Yashoda Superspecialty Hospitals, highlighted that this budget represents the largest financial plan in the state's history. She emphasized that the 12.2% increase over the previous year's allocation reflects a steady and robust pace of economic growth within Uttar Pradesh.
Dr. Arora specifically praised the substantial allocation of over Rs46,000 crore dedicated to the health sector. This includes the announcement to establish 14 new medical colleges across the state. She stated that this strategic investment will significantly strengthen the healthcare infrastructure, ultimately easing the immense burden on patients who often travel long distances for specialized treatment. Furthermore, she welcomed the provision of relief on essential medicines for cancer and diabetes, noting that this measure will provide substantial financial and health benefits to countless families across Uttar Pradesh.
Industrial and Infrastructure Development Takes Center Stage
Jai Agarwal, Past Chairman of CII (UP), identified the expansion of the Mukhya Mantri Industrial Area and the creation of new industrial zones as a major catalyst for investment. This initiative is backed by a formidable allocation of nearly Rs27,000 crore specifically for infrastructure and industrial development schemes. Agarwal also expressed strong approval for the Rs1,000 crore earmarked under the Mukhyamantri Udyami Vikas Abhiyan, a program designed to facilitate the establishment of 1 lakh micro-enterprises annually, fostering grassroots entrepreneurship.
Deepak Kumar Bajaj, National General Secretary of the Indian Industries Association, drew attention to the Rs3,822 crore allocation for Micro, Small, and Medium Enterprises (MSMEs), which marks an impressive increase of nearly 19% compared to the previous fiscal year. He elaborated that the budget's comprehensive provisions for youth entrepreneurship, the One District One Product (ODOP) scheme, and strategic investments in critical areas like infrastructure, energy, information technology, artificial intelligence, and solar power will collectively enhance industrial competitiveness. This multi-pronged approach is expected to solidify Uttar Pradesh's position as a premier manufacturing hub in India.
Akash Goenka, another Past Chairman of CII (UP), pointed to the targeted allocation of Rs720 crore for key industrial cities—Kanpur, Meerut, and Agra. He explained that this focused funding is crucial for bridging persistent infrastructure gaps in these vital industrial centers, thereby improving their operational efficiency and attractiveness to businesses.
Transportation and Real Estate Sectors Express Optimism
Abhishek Saraff, Vice-Chairman of CII (UP), commended the government's commitment to continued investments in the state's transportation network, including roads, railways, and expressways. He asserted that this sustained focus on connectivity will create fresh opportunities for industrial expansion and generate significant employment for the youth of Uttar Pradesh.
The optimism extended to the real estate sector as well. Anjani Kumar Pandey of the Omaxe Group highlighted the massive capital expenditure of Rs1.47 lakh crore outlined in the budget, coupled with the promise of sustained infrastructure expansion. He concluded that this financial commitment will further strengthen investor confidence in the state's economic trajectory and spur job creation across multiple sectors, contributing to holistic development.
In summary, the Uttar Pradesh Budget 2026-27 has been met with resounding approval from industry leaders who see it as a transformative blueprint for accelerating economic growth, strengthening critical infrastructure, and improving public welfare, all while steering the state toward its trillion-dollar economy vision.
