UP’s ₹9+ Lakh Crore Budget Sets New Benchmark for Growth and Investment

Massive Push to Healthcare, MSMEs, Infrastructure and Industrial Expansion Aligns with $1 Trillion Economy Vision

Anytime News Network Uttar Pradesh’s Budget for FY 2026–27, exceeding ₹9 lakh crore, marks the largest financial outlay in the state’s history, reflecting a 12.2% increase over the previous year. Industry leaders have described the budget as forward-looking, growth-oriented, and strategically aligned with the vision of “Viksit Bharat – 2047” and the state’s ambition to become a $1 trillion economy.

Dr. Upasana Arora, Chairperson of CII Uttar Pradesh and Managing Director of Yashoda Superspeciality Hospitals Pvt. Ltd., termed the budget a milestone for inclusive and sustainable development. She emphasized that the allocation of over ₹46,000 crore for the healthcare sector demonstrates the government’s commitment to strengthening medical infrastructure across the state. The announcement of 14 new medical colleges is expected to significantly improve access to quality healthcare, reduce regional disparities, and generate employment in the medical and allied sectors. Additionally, the reduction in prices of critical medicines for cancer and diabetes is likely to ease the financial burden on patients and families.

Abhishek Sarraf, Vice Chairman of CII Uttar Pradesh and Managing Director of Awadh Rail Infra Limited, highlighted the strong focus on infrastructure development. Increased investments in roads, railways, highways, and expressways are expected to enhance connectivity, reduce logistics costs, and improve supply chain efficiency. According to him, this infrastructure-led growth model will unlock new industrial opportunities and create substantial employment for the youth.

Former CII UP Chairperson Smita Agrawal, Director & CFO of PTC Industries Limited, welcomed the ₹3,822 crore allocation for the MSME sector—an increase of nearly 19% compared to last year. She noted that MSMEs are the backbone of employment generation and local industrialization. Expanded credit access, cluster development, skill linkage initiatives, and support for schemes like the Chief Minister’s Young Entrepreneur Development Mission will empower emerging entrepreneurs and strengthen grassroots economic activity.

Former CII UP Chairman Akash Goenka described the ₹720 crore earmarked for the development of Kanpur, Meerut, and Agra as a strategic intervention. Strengthening infrastructure and connectivity in these key industrial hubs will benefit Kanpur’s leather and textile clusters, Meerut’s sports goods and manufacturing sector, and Agra’s handicrafts and tourism-driven economy.

Jay Agarwal, Former Chairman of CII UP and Director of C.P. Milk & Food Products Pvt. Ltd., appreciated the ₹27,000 crore allocation for expanding industrial areas and establishing new industrial zones. He also lauded the ₹1,000 crore provision aimed at onboarding 1 lakh micro-enterprises annually under the Chief Minister Entrepreneur Development Campaign, calling it a transformative step toward investment attraction and job creation.

Overall, the Budget 2026–27 presents a comprehensive roadmap focused on healthcare expansion, industrial acceleration, MSME empowerment, and infrastructure modernization—positioning Uttar Pradesh as a leading growth engine of India’s economy.

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