Union Finance Minister Nirmala Sitharaman announced an effective capital expenditure of Rs 17.1 lakh crore for FY27. This, along with initiatives in AI education, skilling, and infrastructure, is aimed at achieving the goal of 'Viksit Bharat'.
The effective capital expenditure for the Financial Year 2026-27, including that for states and union territories is Rs 17.1 lakh crore, which is 4.4% of the Gross Domestic Product (GDP) and this will give a push to the goal of Viksit Bharat, Union Finance Minister Nirmala Sitharaman said on Wednesday.
Replying to the debate in the Lok Sabha on the Union Budget 2026-27, Sitharaman outlined various government initiatives, including skilling and infrastructure investment. The Budget 2026 has increased public capex from Rs 11.2 lakh crore in BE 2025-26 to Rs 12.2 lakh crore in FY2026-27.
Emphasis on AI, Skilling, and Entrepreneurship
Sitharaman said that taken together with the provisions for states and union territories, the effective capital expenditure is Rs 17.1 lakh crore. She said the government has laid thrust on AI education, realising its potential. "AI education is not just kept at elite level, but it is now for the masses," she said.
The Union Minister also talked about steps to boost entrepreneurship. "We have said that instead of waiting to qualify and finishing your education and coming out and seeking where should they go for acquiring skills, the skilling element can be brought into education itself and at the end of the day when they come out, students can say I can become entrepreneur and this kind of a mega centre can be kept next to any industrial cluster that any state has," she said.
"So, these mega entrepreneurship building centres as education hubs can also be coming up from any state. We are willing to work with states so that this mammoth higher education centre can be propped up and therefore students can go there and come out as entrepreneurs..." she added.
Infrastructure and Manufacturing Push
The Finance Minister talked about the Centre's push for infrastructure. "It's not just roads, it's not just national highways. We are also looking at waterways, so that the cost of logistics may come down and states which are not connected to sea ports will have advantage of moving goods faster at a lesser cost," she said.
Sitharaman said the Centre is willing to work with states for Mega textile Parks, particularly looking at industrial textiles, which are going to be "new age" and becoming a part of the manufacturing sector. "Whether it's car cushions which is completely made of industrial textiles...so these new age textiles requirements can also be fulfilled. I welcome any state, which wants to enter this area. The Centre is willing to collaborate with them," she said.
Lok Sabha took up discussion on the Union Budget yesterday. Sitharaman is expected to reply to the debate in the Rajya Sabha on Thursday. (ANI)
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