'Strong Roadmap To Vision 2047': VFS Global CEO Zubin Karkaria Prasies Budget 2026, Lauds FM Nirmala Sitharaman

New Delhi: VFS Global CEO Zubin Karkaria praised the Union Budget 2026 on Sunday, asserting that  Union Finance Minister Nirmala Sitharaman has charted a strong course for Prime Minister Narendra Modi’s Vision 2047 project.

What did Zubin Karkaria say?

“The Union Budget charts a strong roadmap to Vision 2047, positioning tourism, mobility, and human capital as engines of long-term growth. By recognising tourism as a catalyst for jobs, foreign exchange, and regional development, the government is building a more competitive and resilient travel ecosystem,” Zubin Karkaria said in a statement.

“The emphasis on capacity building is encouraging with measures towards infrastructure development, skill enhancement, and institutional support that will help strengthen service quality, destination readiness, and ease of doing business. Initiatives like the National Institute of Hospitality, upskilling of tourist guides, and the National Destination Digital Knowledge Grid will have an enduring impact in the long-term,” he added.

“Sustainable, heritage, and experiential tourism, along with support for medical tourism hubs, will diversify India’s offerings, while reductions in TCS on overseas tour packages and TDS under the Liberalised Remittance Scheme for education will ease financial pressure on Indian travellers and students, boosting global mobility and connectivity.”

What did Nirmala Sitharaman say on the budget?

After presenting the Budget 2026-27, Union Finance Minister Nirmala Sitharaman has said that this time the budget is focused on increasing productivity and generating employment. Speaking to reporters outside Parliament, she said that the main objective of the budget is to strengthen the country's economy and provide employment opportunities to the youth.

Sitharaman said that the budget is not just an account of government expenditure, but it is part of a long-term economic strategy. She emphasized that many such measures have been included in this budget which will boost production, skill development and employment generation.

What did PM Modi say?

Prime Minister Narendra Modi has greatly appreciated the Union Budget 2026-27. He described this budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha as very big and far-reaching. PM Modi said that this budget is a strong beginning to turn the dream of developed India into reality. He considered the Finance Minister's presentation of the budget for the ninth consecutive time as the biggest pride in the history of Parliament. Modi described the budget as a mirror of the hopes and aspirations of 140 crore Indians. He said that this budget is not just a game of numbers but a roadmap to improve the lives of the people.