Bhopal, Feb 1 (NationPress) The Chief Minister of Madhya Pradesh, Mohan Yadav, commended the Union Budget 2026-27, unveiled by Finance Minister Nirmala Sitharaman, as a significant and strategic advancement towards achieving the vision of a Viksit Bharat 2047.

He referred to the budget as a powerful catalyst that will enhance development across the country, aligning seamlessly with the principles of fostering economic growth and addressing the aspirations of common citizens while reflecting the philosophy of 'Sabka Saath, Sabka Vikas'—development for all with inclusive participation.

CM Yadav underscored that the budget prioritizes marginalized groups, including the underprivileged, youth, farmers, and women.

He pointed out that the provisions are set to enhance India’s global economic position and earn recognition across various sectors for their progressive outlook.

The Chief Minister spotlighted several initiatives that will substantially benefit Madhya Pradesh. Noteworthy among them are allocations for urban development in cities with populations exceeding five lakh, in addition to establishing urban economic zones.

The budget's commitment to improving pilgrimage sites in smaller cities, constructing women’s hostels in every district, and upgrading district hospitals is expected to significantly enhance the infrastructure and social welfare landscape of the state.

CM Yadav particularly lauded the reforms in the textile sector, deeming the establishment of the PM MITRA Park in Madhya Pradesh as a remarkable contribution from Prime Minister Narendra Modi.

This integrated textile hub in Dhar is anticipated to create employment opportunities for three lakh individuals and support six lakh farmers, heralding a new phase of industrial growth in the Malwa-Nimar region and fortifying the state’s status as a textile powerhouse, according to the chief minister.

Additionally, he welcomed the initiatives aimed at simplifying income tax processes for small taxpayers, the fiscal deficit target set at 4.3% of GDP, and a grant of Rs 1,40,000 crore for states, which will further strengthen Madhya Pradesh's financial standing.

The budget's ambition to position India as a biopharma hub, develop clinical trial sites, prioritize elderly care, lower the costs of medications for grave illnesses, and promote manufacturing through research, AI adoption, and strategic sector development received robust endorsement.

Furthermore, provisions for trained guides at key tourist spots, the opening of archaeologically protected sites to highlight India’s ancient heritage, and tax relief for foreign tourists are poised to invigorate tourism and generate employment.

CM Yadav conveyed his congratulations to Prime Minister Modi and Finance Minister Sitharaman on behalf of the people of Madhya Pradesh, asserting that this third budget of the Modi 3.0 government genuinely exemplifies inclusive and visionary governance aimed at equitable national advancement.