Samiksha Mishra
The Union Budget 2026–27 has been presented at a time of global economic uncertainty marked by supply chain disruptions, technological shifts and geopolitical pressures. Within this broader national context, the Budget assumes particular importance for regions like Jammu & Kashmir, where economic development is closely linked to connectivity, tourism, agriculture and human capital. The Budget outlines a growth-oriented vision that seeks to integrate such regions more deeply into the national economy while ensuring stability and inclusion.
Governance Framework and Inclusive Vision
A key feature of the Budget is its emphasis on the three kartavya guiding national development—accelerating economic growth, fulfi lling aspirations and ensuring Sabka Sath, Sabka Vikas. This framework has strong relevance for Jammu & Kashmir, as it underlines balanced regional development and equitable access to opportunities. The focus on inclusion ensures that geographically and economically sensitive regions are not left behind in India’s growth trajectory.
Infrastructure Push and Regional Connectivity
The increased allocation for public capital expenditure and the continued thrust on infrastructure development are particularly signifi cant for Jammu & Kashmir. Investments in transport networks, last-mile connectivity and high-altitude infrastructure can help overcome long-standing geographical constraints. Improved connectivity is essential not only for economic integration but also for better access to education, healthcare and markets, thereby enhancing overall quality of life in the region.
Tourism and Cultural Heritage in Jammu & Kashmir
Tourism emerges as a key sector in the Budget’s employment and growth strategy. For Jammu & Kashmir, this focus aligns naturally with its scenic landscapes, cultural heritage and historical sites. The proposal to develop sustainable mountain trails and promote heritage tourism, including destinations such as Leh Palace, offers opportunities to create local employment while preserving ecological and cultural assets. These initiatives can strengthen the region’s position as a high-value, experiential tourism destination.
Agriculture and Horticulture in Hilly Areas
The Budget’s support for high-value agriculture has direct implications for Jammu & Kashmir, where horticulture plays a vital role in rural livelihoods. Emphasis on crops such as walnuts and almonds, orchard rejuvenation and value addition can help increase farmer incomes and reduce vulnerability. The introduction of AI-based tools like Bharat-VISTAAR can further assist farmers in remote areas by providing customised advisory services and improving decision-making.
Youth, Skills and Services-Led Growth
By placing renewed emphasis on the services sector and skill development, the Budget opens new employment pathways for the youth of Jammu & Kashmir. Initiatives in healthcare, tourism, hospitality and education can help address local employment challenges and reduce outmigration. Linking education with employment and entrepreneurship is particularly important for the region’s long-term socio-economic stability.
Fiscal Support and Federal Balance
The Budget maintains a commitment to fi scal discipline while ensuring continued devolution of resources to States and Union Territories. This approach supports stable fi nancial fl ows to Jammu & Kashmir, enabling the implementation of development programmes without compromising macroeconomic stability. Cooperative federalism remains central to addressing regional development needs in a sustainable manner.
Conclusion: Integrating Jammu & Kashmir into Growth Story
In essence, the Union Budget 2026–27 provides a framework that aligns national economic priorities with the specifi c needs of Jammu & Kashmir. Through focused investments in infrastructure, tourism, agriculture and human capital, the Budget seeks to unlock the region’s potential and integrate it more effectively into India’s development journey. If implemented effectively, these measures can contribute to inclusive growth, regional stability and long-term prosperity for Jammu & Kashmir.
