MC EXCLUSIVE Budget 2026 will help create over 3 million jobs, says BJP National Vice President Panda

Budget 2026 will help create over 3 million jobs, says BJP National Vice President Panda

• Budget 2026 targets 3M new jobs in healthcare, caregiving, and tech.
• Long-term growth focus with major push for manufacturing and infrastructure
• Budget 2026 will inevitably translate into the markets picking up

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The changes that have been brought about in the Union Budget 2026 will have a hugely positive impact on the economy, which will inevitably translate into the markets picking up, Baijayant Panda, National Vice-President of the Bharatiya Janata Party, told Moneycontrol in an interview.

“Let us not worry about the market's immediate reaction. A few weeks and months down the road the markets will recognise the value of the long term benefits of this budget and react appropriately,” Panda said.

He noted that the Budget 2026 offers more than 3 million job creation opportunities in the country.

“I can think of some 3 million jobs that will be created by the targeted efforts and outlays of this budget. You get lakhs of healthcare professionals, you've got caregivers, you've got tech professionals in animation, gaming and related areas for which very specific outlays are going to be made,” Panda said.

He highlighted that other than 1 lakh job creation in healthcare, 1.5 lakh jobs in the caregiver segment, and 2 million jobs in animation and gaming, the budget 2026 will provide many indirect job opportunities given its thrust on the infrastructure sector.

“We have arguably the best-performing economy in the world. It is the fastest growing for many many years now. It also has the lowest inflation and it has huge amounts of job creation, with a huge number of people being pulled out of poverty,” Panda said.

When asked about the execution and implementation of the announced proposals, Panda said that it is precisely because execution and implementation has been on target that India has become the fastest-growing large economy. "That is precisely why we have tamed inflation. Precisely why 250 million people have been pulled out of poverty,” he added.

The Union Budget 2026-27 has emphasised on long term growth with a push towards manufacturing and infrastructure. Experts, however, say that the budget has fallen short of attracting private sector investment.