Jayant Sinha Explains India’s Economic Shift Toward ‘Viksit Bharat’, India-EU FTA And Budget 2026

0 January 30, 2026 14:21

In this special report, former Minister of State for Finance Jayant Sinha joins Maria Shakil to decode the health of the Indian economy ahead of Budget 2026. Sinha hails the recently signed India-European Union Free Trade Agreement as the ‘mother of all deals’, predicting it will significantly boost employment in sectors like textiles. He provides a detailed breakdown of India’s GDP, noting that the private sector accounts for two-thirds of economic activity. Sinha outlines the vision for ‘Viksit Bharat’ by 2047, explaining how the income pyramid is shifting as more households move from the ‘Aam Janata’ category into the middle and global classes. Addressing concerns over jobless growth, he cites stable unemployment rates and rising EPFO subscriptions as evidence of formalisation. Sinha also discusses the impact of AI and the necessity of increasing productivity to compete with global economies like China and the United States.

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