Mumbai: On February 1, the Indian government unveiled its Union Budget, which signals a shift in how the country approaches development. Shishir Joshi, the Founder and CEO of Project Mumbai, emphasized that this budget recognizes the link between climate action, economic growth, and urban resilience. He noted that focusing on sustainable infrastructure and clean energy is vital for creating healthier cities.
With a public capital expenditure set at Rs 12.2 lakh crore, the government is aiming to transition towards cleaner industries. Joshi believes these moves are pivotal for making urban spaces safer and more livable for citizens.
Challenges Ahead
However, Joshi pointed out that the true test lies in executing these policies effectively. The public needs access to good transport, clean air, and resilient housing. He advocates for climate action that involves citizens and is backed by both the government and the private sector. The upcoming Mumbai Climate Week, scheduled from February 17 to 19 at the Jio World Convention Centre, aims to gather various stakeholders to address climate challenges without stifling economic growth.
Mixed Opinions
Not everyone shares the same optimism. Some environmental activists argue the budget falls short in protecting the environment. One activist stated, “There’s little in this budget for actual environmental protection. Initiatives that might seem helpful could lead to more harm when implemented.” They stress the long-term damages that climate change can inflict, hinting that traditional business models ignore these costs.
Moreover, concerns about lost natural resources persist. Activists highlight that commercialization can hamper our ecosystems, with vital resources like trees and biodiversity replaced by concrete structures. There’s also disappointment over the lack of funding for initiatives like dog shelters, which a Supreme Court mandate requires.
As India grapples with development and environmental priorities, the discourse around the Union Budget reflects a broader conversation about sustainability. According to a 2022 survey from GlobalData, 67% of Indians are increasingly concerned about climate issues, a sentiment that continues to shape public opinion and influence policymaking.
The road ahead requires collaboration among governments, businesses, and citizens to create a balance between development and environmental stewardship, ensuring a sustainable future for all.
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Published on: Sunday, February 01, 2026, 07:42 PM IST
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