PM Modi Hails Sitharaman's Budget Speech as Comprehensive Economic Blueprint
Prime Minister Narendra Modi has publicly praised Finance Minister Nirmala Sitharaman's recent speech in the Lok Sabha, describing it as a comprehensive picture for India's economic transformation. The address, which outlined the Union Budget for the 2026-27 financial year, has been highlighted by the PM as a strategic vision aimed at propelling the nation's growth and development.
Key Financial Highlights from Sitharaman's Budget Presentation
In her detailed presentation to Parliament, Finance Minister Nirmala Sitharaman revealed that the government has envisaged a total expenditure of Rs 53.47 lakh crore for the upcoming financial year. This figure represents a significant increase of 7.7 per cent compared to the current fiscal year, which concludes on March 31, 2026. The proposed budget underscores the administration's commitment to bolstering public spending across various sectors to stimulate economic activity and address key national priorities.
The Prime Minister's endorsement of Sitharaman's speech emphasizes its role in setting a clear direction for India's economic policies. Modi's remarks, made in response to the budget presentation, reflect the government's confidence in the financial plan as a tool for achieving long-term transformation and stability. This public support from the PM is seen as a reinforcement of the budget's strategic importance and its alignment with the broader goals of the administration.
Implications for India's Economic Future
The budget's focus on increased expenditure is expected to have far-reaching implications for India's economy. Key areas likely to benefit include infrastructure development, social welfare programs, and initiatives aimed at boosting industrial growth. Sitharaman's speech outlined how this financial allocation is designed to support sustainable development and enhance the country's global competitiveness.
As the budget moves through parliamentary approval processes, stakeholders from various sectors are closely monitoring its implementation. The Prime Minister's praise adds weight to the budget's credibility and signals a unified government approach towards economic management. This development comes at a critical juncture, as India navigates global economic challenges and seeks to capitalize on domestic opportunities for growth.
