New Delhi: Ahead of the Union Budget to be presented on Sunday by Finance Minister Nirmala Sitharaman, experts have shared their views on key sectors that require government attention. Economist Manoranjan Sharma highlighted the importance of agriculture, which contributes 17 percent to the country’s economy and provides employment to nearly 48 percent of the population.
Sharma stressed that the government should focus on agriculture, warehousing, and food processing sectors to strengthen the economy. Speaking about the Economic Survey presented on Thursday, he noted that the projected growth rate of 7 percent reflects India’s economic resilience and positions the country as one of the fastest-growing economies globally.
Regarding the India-European Union (EU) trade deal, Sharma mentioned that the agreement comes at a time when the United States has imposed tariffs on India, despite the US accounting for approximately 17 percent of India’s exports. He said the deal is expected to benefit the economies of both India and the EU.
Prime Minister Narendra Modi described the India-EU Free Trade Agreement (FTA) as transformative, stating that it will expand markets and create employment opportunities. In a social media post on platform X, the Prime Minister highlighted that Union Minister Piyush Goyal authored an article on the historic trade deal, which aligns with the vision of a developed India.
Union Commerce and Industry Minister Piyush Goyal called the successful conclusion of the India-EU FTA a historic achievement, contrasting it with previous agreements made during the UPA era, which he said were often hasty and involved greater concessions than gains for India.
Goyal stated that the trade agreement will strengthen key sectors of the Indian economy and promote prosperity. He further added that under Prime Minister Modi’s decisive leadership and strategic foresight, the deal prioritises India’s core interests while expanding markets, generating employment, and accelerating economic growth.
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