New Delhi: Prime Minister Narendra Modi has described the Union Budget 2026 to 27 as a reflection of India’s aspiration to emerge as a developed nation, calling it a moment shaped by preparation and confidence rather than compulsion.
In an interview, the Prime Minister said the budget represents a “we are ready” phase for the country, underlining that government financial plans are not routine accounting exercises but strategic roadmaps aligned with long term national goals. He emphasised that India is currently undertaking the largest infrastructure expansion in its history, with projects designed to strengthen future readiness, including in defence modernisation.
The budget outlines measures aimed at accelerating growth across infrastructure, renewable energy, power and technology sectors. These initiatives are expected to provide a demand boost to the capital goods industry while supporting engineering, procurement and construction companies as well as domestic manufacturers by lowering costs and improving competitiveness.
On trade and investment, Modi said political stability and policy predictability have restored investor confidence, enabling India to negotiate agreements from a position of strength. He noted that India has concluded free trade agreements with 38 countries, expanding market access for micro, small and medium enterprises in sectors such as textiles, leather, chemicals, handicrafts and gems.
Recent agreements include a trade breakthrough with the United States, renewed momentum in talks with the European Union, and the Comprehensive Economic and Trade Agreement signed with the United Kingdom in July 2025.
The Prime Minister also called on the private sector to invest more aggressively in research and development, supply chains and quality enhancement, stating that durable competitiveness must be built on innovation and scale. He contrasted the current approach with what he termed economic mismanagement under previous administrations, asserting that India today negotiates from a far stronger footing in global markets.
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