- PM Modi Urges India Inc at Post Budget Webinar
- Capital Expenditure, Reforms Drive Viksit Bharat Goal
Delhi/Hyderabad: Time For India Inc To Invest was Prime Minister Narendra Modi’s clear message at the first post Budget webinar on ‘Technology, Reforms and Finance for Viksit Bharat’. He urged Indian industry to step up investment and innovation. He said the government has laid the groundwork through aggressive capital spending and a conducive policy environment in successive Budgets. Therefore, he added, it is now time for the private sector to drive the next phase of globally competitive growth.
Modi said public capital expenditure has risen from Rs 2 lakh crore 11 years ago to over Rs 12 lakh crore in the Union Budget 2026 27. He said this expansion lays a strong foundation for growth. The higher allocation, he noted, signals the private sector to invest with renewed vigour and leverage Budget announcements for 2026 27.
“India Inc should come forward with fresh investment and innovation. Financial institutions and analysts should help design practical solutions and improve market confidence,” he said. He called for closer collaboration between government, industry, and knowledge partners. Meanwhile, he stressed the need for reforms to translate into tangible outcomes.
“We need greater participation in infrastructure and innovation in financial models… we must strengthen project sanction methodologies and improve the quality of appraisal,” he said. Over the past decade, the government has anchored India’s growth strategy around record capital expenditure. It sharply scaled up spending on highways, railways, ports, airports, digital infrastructure and energy networks. However, he noted that the private sector is yet to unleash the so called animal spirit.
Modi said India’s resilience over the past decade was driven by conviction led reforms and efforts to improve ease of doing business. He said India has undertaken technology led governance and strengthened institutions. “To sustain the reform express momentum, we not only need to focus on policy intent but also have to focus on delivery excellence. The evaluation of reforms should be on the basis its impact on the ground. We should extensively use AI, blockchain, data analytics to improve transparency, speed and accountability,” he said.
He proposed a ‘Reform Partnership Charter’ to formalise collaboration among stakeholders to achieve Viksit Bharat by 2047. “Every year, the Budget webinar held after the Budget is important. My desire is that the webinar should not remain limited to a formal exchange of views, but focus on meaningful brainstorming,” he added.
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