NEW DELHI, Feb 1: Prime Minister Narendra Modi on Sunday described the Budget 2026-27 as “ambitious” and “futuristic”, stressing that it will further strengthen India’s global role as its 140 crore citizens are not satisfied with being the fastest growing economy and the nation is determined to soon become the world’s third largest economy.
In his televised post-budget comments on the budget, presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha, Modi said this was a unique budget, which focused on reducing fiscal deficit and controlling inflation while simultaneously ensuring high capital expenditure and high growth.
“This budget strengthens India’s global role anew. India’s 140 crore citizens are not satisfied with being the fastest growing economy, and the nation is determined to soon become the world’s third largest economy,” he said.
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The Prime Minister emphasised that this is the collective resolve of millions of Indians and India’s role as a trusted democratic partner and trusted quality supplier is continuously expanding.
He underlined that the recent major trade deals India has undertaken are aimed at ensuring maximum benefits for the country’s youth and for small and medium enterprises, with significant steps taken in this budget to advance that direction.
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“Today’s budget is historic and reflects the empowered spirit of the nation’s women. This budget is ambitious and addresses the aspirations of the nation,” he said.
Modi congratulated the Finance Minister and her team for presenting a “futuristic” and “sensitive” budget that is dedicated to the welfare of villages, the poor and farmers.
He highlighted that Sitharaman, as a woman Finance Minister, has set a new record by presenting the country’s budget for the ninth consecutive time.
The Prime Minister said the budget is a highway of immense opportunities, one that fulfils the dreams of the present and strengthens the foundation of India’s bright future.
He emphasised that the budget will serve as the basis for India’s high flight towards becoming a developed nation by 2047.
Modi noted that the Reform Express on which India is riding will gain new energy and new momentum through this budget.
He underlined that the path-breaking reforms provide the aspiring, courageous and talented youth of India with an open sky to soar and the budget realises the vision of trust-based governance and a human-centric economic framework.
He emphasised the budget presents an ambitious roadmap to accelerate Make in India and the Atmanirbhar Bharat campaign with the unprecedented support given to sunrise sectors with the BioPharma Shakti Mission, Semiconductor Mission 2.0, Electronic Component Manufacturing Scheme, creation of a Rare Earth Corridor, strengthening critical minerals sector, new schemes in the textile sector, promotion of high-tech tool manufacturing and preparation of champion MSMEs. (PTI)
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