On this Special Report, the focus is on the Union Budget presentation by Finance Minister Nirmala Sitharaman, outlining a roadmap for ‘Vikasit Bharat’. The Minister announced a significant push for infrastructure and technology, stating, ‘In order to promote environmentally sustainable passenger systems, we will develop seven high speed rail corridors between cities as growth connectors’. Key corridors include Mumbai-Pune and Delhi-Varanasi. The budget proposes a ₹20,000 crore outlay for Carbon Capture, Utilization and Storage over five years and an allocation of ₹5,000 crore per City Economic Region. In the financial sector, Sitharaman proposed a High-Level Committee on Banking and the restructuring of PFC and REC to improve efficiency. The speech also highlighted a comprehensive review of FEMA rules to boost foreign investment and a renewed emphasis on the service sector to achieve a 10% global share by 2047. Additionally, the government plans to add 1 lakh allied health professionals over the next five years to strengthen the healthcare workforce.
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