Feb 1: Prime Minister Narendra Modi has described the Union Budget 2026–27 as an ambitious and forward-looking roadmap that will provide fresh momentum to the Make in India and Aatmanirbhar Bharat initiatives, while strengthening the foundation of India’s long-term growth.
In a video message, the Prime Minister said that this year’s budget gives the country’s “reform express” new energy and momentum, transforming aspirations into reality. He emphasized that the budget reflects a careful balance between reducing fiscal deficit, controlling inflation, and simultaneously ensuring high capital expenditure and sustained economic growth.
Mr Modi highlighted that the budget offers unprecedented support to sunrise sectors, which are critical to India’s future economic leadership. These include the BioPharma Shakti Mission, Semiconductor Mission 2.0, the Electronic Component Manufacturing Scheme, the creation of a Rare Earth Corridor, and the strengthening of the critical minerals sector. He said these initiatives will enhance India’s strategic capabilities, reduce import dependence, and boost domestic manufacturing.
The Prime Minister noted that special attention has also been given to textiles, high-tech tool manufacturing, and the development of champion MSMEs, addressing both current economic needs and future industrial requirements. He stated that the budget prepares India to compete globally while empowering small and medium enterprises to scale and innovate.
Calling the budget historic, Mr Modi said it reflects the empowered spirit of the nation’s women. He described the budget as a “highway of immense opportunities” that fulfills present-day dreams while laying a strong foundation for a bright future. He stressed that the provisions announced will help India achieve its goal of becoming a developed nation by 2047.
The Prime Minister underlined that path-breaking reforms announced in the budget provide the youth of India with an open sky to soar, encouraging aspiration, courage, and innovation across sectors. He said the budget is designed to nurture leaders, innovators, and creators who will drive India’s next phase of growth.
Highlighting social sector initiatives, Mr Modi said the campaign to build new hostels for girl students in every district will significantly improve access to education and promote gender equity. He added that such measures reflect the government’s commitment to inclusive and equitable development.
The Prime Minister reiterated that agriculture, dairy, and fisheries continue to receive the highest priority. He pointed out that the budget includes focused measures for farmers engaged in the production of coconut, cashew, cocoa, and sandalwood, aimed at boosting rural incomes and strengthening agri-value chains.
Mr Modi concluded that the Union Budget 2026–27 is not merely a financial document, but a visionary blueprint that prepares India for sustained high growth, technological leadership, and social empowerment in the decades ahead.
