Budget Prioritizes Urban Development and EU Trade Deal Benefits for Punjab, Says PM Modi
In a significant address, Prime Minister Narendra Modi emphasized the government's budget focus on transforming cities into vibrant centres of development. He highlighted that the recent budget allocations are strategically designed to enhance urban infrastructure, improve public services, and foster economic growth in metropolitan areas across India. This move aims to address the challenges of rapid urbanization and create sustainable, smart cities that can drive national progress.
EU Trade Deal to Provide Major Boost to Punjab's Economy
Prime Minister Modi also underscored the positive impact of the European Union trade deal on Punjab, stating that it will bring substantial benefits to the state's agricultural and industrial sectors. The trade agreement is expected to open new markets for Punjab's key exports, such as textiles, machinery, and agricultural products, thereby increasing employment opportunities and boosting local economies. This development aligns with the government's broader vision of promoting regional prosperity through international partnerships.
Key initiatives in the budget include increased funding for urban renewal projects, smart city missions, and digital infrastructure upgrades. These efforts are intended to make cities more livable, efficient, and environmentally friendly. Additionally, the focus on skill development and innovation hubs in urban centres is set to empower youth and entrepreneurs, contributing to a knowledge-based economy.
The EU trade deal is particularly significant for Punjab, as it comes at a time when the state is seeking to diversify its economic base and reduce dependency on traditional sectors. By facilitating easier access to European markets, the deal is anticipated to enhance Punjab's competitiveness on the global stage and attract foreign investments.
In summary, the budget's urban development focus and the EU trade deal represent dual strategies to accelerate growth, with Punjab poised to gain from enhanced trade opportunities and improved urban amenities.
