Eastern India lagging despite strong national growth; FY'27 Budget resilient: Sanjeev Sanyal

In a recent analysis, Sanjeev Sanyal highlighted the contrasting economic trajectories within India, pointing out that Eastern India continues to lag despite the country's robust national growth. The region's slower development pace poses challenges amid the otherwise optimistic economic landscape. Sanyal emphasized the need for targeted interventions to bridge this regional disparity, ensuring that Eastern India can contribute more significantly to the nation’s overall progress. Sanyal praised the Union Budget 2026-27, describing it as resilient and growth-oriented. He advocated for a capital expenditure-led strategy, which he believes is crucial for sustaining economic momentum. The budget's focus on infrastructure development and investment in key sectors is expected to drive long-term growth, enabling the country to maintain its upward trajectory despite regional imbalances. By prioritizing fiscal discipline alongside strategic investments, Sanyal asserts that the budget lays a solid foundation for future prosperity. However, he cautioned that to achieve equitable growth, it is vital to address the unique challenges faced by underperforming regions like Eastern India. Through tailored policy measures and increased resource allocation, the government can foster inclusive growth, ensuring that all parts of the country benefit from India's economic rise.

— Authored by Next24 Live