India, March 11 -- With the state struggling with a financial crunch, the budget presented by finance minister Ajit Pawar for the year 2025-26 has a significant section devoted to showcasing efforts to attract more investments. The minister announced the unveiling of a new industrial policy that aims to attract investments worth Rs.40 lakh crore and create 50 lakh jobs over a period of five years.

He also stated that separate policies will be announced for the space and defence manufacturing sectors, electronics, gems and jewellery, micro, small, and medium enterprises, as well as for the circular economy, while new labour rules will be framed as per the new labour code of the central government.

In his budget speech, Pawar also announc...