PM Modi Commends Budget for Prioritizing Capex and Growth
Prime Minister Narendra Modi has lauded the Budget for the fiscal year starting April 1, 2026, highlighting its strategic emphasis on capital expenditure to fuel job creation and economic expansion, while steering clear of populist policies.
Budget Reflects Governance Style and Priorities
In his remarks, Modi described the Budget as a clear reflection of his administration's governance approach and key priorities. He stated that the document 'is a good reflection of our governance style and priorities', underscoring its alignment with long-term economic objectives rather than short-term electoral gains.
The Prime Minister emphasized that the Budget's focus on capex is designed to stimulate infrastructure development and industrial growth, which in turn is expected to generate employment opportunities and boost overall economic performance. This approach, he noted, contrasts with populist measures that often prioritize immediate relief over sustainable development.
Key Highlights of the Budget's Strategy
- Capital Expenditure Boost: Increased allocations for infrastructure projects to enhance productivity and competitiveness.
- Job Creation Focus: Initiatives aimed at leveraging capex to create new employment avenues across sectors.
- Growth-Oriented Policies: Measures to foster economic resilience and long-term prosperity.
- Avoidance of Populism: Deliberate steering away from short-term, vote-centric schemes.
Modi's comments come as part of a broader narrative positioning the Budget as a forward-looking blueprint for India's economic future. By betting on capex, the government aims to address structural challenges and lay a foundation for sustained growth, even as it navigates global economic uncertainties.
This Budget, according to the Prime Minister, exemplifies a commitment to prudent fiscal management and strategic investment, reinforcing the administration's dedication to transformative governance that prioritizes national progress over political expediency.
