SHUGUFTA RASHID, NISAR MALIK

Srinagar, Feb 1: The Union Budget 2026–27 has evoked a mixed response across Kashmir, with people welcoming several development-oriented proposals while also voicing concerns over unemployment, inflation and the lack of region-specific financial allocations.
Many residents expressed optimism over the Budget’s focus on infrastructure, tourism, agriculture and eco-friendly initiatives, particularly proposals related to sustainable mountain trails, high-value horticulture and improved connectivity. Tourism stakeholders said the emphasis on adventure tourism and transport infrastructure could help revive the Valley’s economy and generate employment, especially for youth in rural and hilly areas.
Horticulturists and orchard owners welcomed the proposed national programme for high-value nut crops, including almonds and walnuts, saying it could boost farm incomes if implemented effectively in Jammu and Kashmir. “If old orchards are rejuvenated and modern techniques introduced, it will directly benefit thousands of families dependent on horticulture,” said an orchardist from Budgam.
However, concerns were raised over the absence of a dedicated financial package for Kashmir, particularly for youth employment, urban development and small-scale industries. Several traders and business owners said rising costs and limited access to credit remain major challenges. “There is a lot of promise in words, but we need clear allocations and timelines,” said a Srinagar-based trader.
Youth groups and students expressed disappointment over what they described as inadequate focus on job creation in the region. Many pointed out that unemployment continues to be one of the biggest issues facing Kashmir’s educated youth. “Skill development is important, but without actual job opportunities, frustration will continue,” said a university student.
Civil society members also highlighted concerns related to inflation and the rising cost of living, saying common households are struggling to cope with increasing prices of essential commodities. Some called for stronger welfare measures and targeted relief for vulnerable sections of society.
Overall, while the Union Budget 2026–27 has raised hopes in Kashmir for long-term growth through tourism, agriculture and infrastructure, many residents stressed that effective implementation, region-specific planning and inclusive development will be key to translating Budget promises into tangible benefits on the ground.