Story perspectives

Sitharaman Unveils Budget Plan for STEM Women Hostels

By Drooid · Sep 16, 2026, 4:09 AM UTC · How we work

Summary

Story summary

Finance Minister Nirmala Sitharaman addressed 36th convocation of M G R Educational & Research Institute in Chennai, September 15, 2026.
She linked youth leadership to India’s 7.8% growth and macroeconomic stability amid global uncertainties.
She highlighted Tamil Nadu’s Sriperumbudur-Oragadam corridor as a global hub for automobile and smartphone production.
She said the Union Budget funds working-women hostels in every district to boost women’s STEM participation.

History

Historical Context

In July 1991, Finance Minister Manmohan Singh, under Prime Minister P.V. Narasimha Rao, launched liberalisation that ended the Licence Raj and opened India to foreign capital. Foreign investment rose from $132 million in 1991-92 to $5.3 billion by 1995-96, spurring growth in sectors such as automobiles. Finance Minister Nirmala Sitharaman’s 2026 Chennai address invoked that legacy while promoting new innovation hubs.

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Story summary

Finance Minister Nirmala Sitharaman addressed 36th convocation of M G R Educational & Research Institute in Chennai, September 15, 2026.
She linked youth leadership to India’s 7.8% growth and macroeconomic stability amid global uncertainties.
She highlighted Tamil Nadu’s Sriperumbudur-Oragadam corridor as a global hub for automobile and smartphone production.
She said the Union Budget funds working-women hostels in every district to boost women’s STEM participation.

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