PM Modi Lauds Union Budget 2026 as Transformative Blueprint for India's Progress
Prime Minister Narendra Modi has enthusiastically endorsed the Union Budget 2026-27, describing it as "a highway to endless opportunities" that solidifies the groundwork for India's prosperous future. In his national address following the budget presentation, Modi emphasized that this financial plan is meticulously designed to accelerate the nation's journey toward becoming a developed economy by 2047.
Celebrating Women's Empowerment and Historic Achievements
Modi commenced his remarks by congratulating Finance Minister Nirmala Sitharaman for her historic ninth consecutive budget presentation, highlighting this milestone as a powerful testament to the rising "Naari Shakti" (women's power) across the country. He pointed out that the budget prioritizes over 10 crore women engaged in self-help groups, with new initiatives like district-level hostels for girls aimed at enhancing educational access and opportunities.
Fueling Youth Aspirations and Economic Ambitions
The Prime Minister characterized the budget as a "Yuva Shakti budget" that mirrors the thoughts, aspirations, and dynamism of India's youth. "It will create leaders, innovators, and creators," Modi asserted, underscoring how the reforms provide an open sky for young Indians to soar. He detailed several key focus areas:
- Support for sunrise sectors including the Biopharma Shakti Mission and Semiconductor Mission 2.0
- Development of a rare earth corridor and new schemes in the textile industry
- Initiatives to prepare champion MSMEs and offer tax reliefs to establish India as a global data hub
Modi also connected the budget to recent trade agreements, notably referencing a significant deal with the EU, emphasizing that these should directly benefit youth and MSMEs, with the budget making substantial strides in this direction.
Infrastructure and Economic Growth Priorities
Highlighting the budget's infrastructure promises, Modi noted the enhanced focus on Tier 2 and 3 cities, which is expected to amplify the speed of economic growth. He reiterated the government's commitment to reducing the fiscal deficit and inflation while setting ambitious capital expenditure (CAPEX) goals. "India's 140 crore people aspire not just to be the fastest-growing economy but to secure the position as the third largest economy globally," he added, reflecting the nation's collective ambition.
Boosting Employment and Rural Development
The Prime Minister expressed confidence that the budget would significantly boost employment generation, particularly through promotions in tourism, with special attention to the northeastern region. He reaffirmed the government's unwavering focus on agriculture, fisheries, and dairy sectors, mentioning specific steps to aid coconut, cashew, and sandalwood production, which are poised to create more employment opportunities in rural villages.
In conclusion, Modi portrayed the Union Budget 2026-27 as a comprehensive and forward-looking document that not only addresses immediate economic challenges but also lays a robust foundation for long-term national development, empowering every segment of society from women and youth to farmers and entrepreneurs.
