₹12.2 Lakh Crore Capital Expenditure Push
The Prime Minister highlighted that the Budget earmarks ₹12.2 lakh crore for capital expenditure in FY27, marking a nearly fivefold rise compared to 2013 levels. He emphasised that infrastructure spending remains a central pillar of the government’s growth strategy.
Calling productive spending a defining feature of his administration, PM Modi said investments in railways, highways, airports, digital networks and energy infrastructure will generate jobs and build long-term economic capacity.
‘Reform Express’ Gains Momentum
Describing the Budget as the “next level” in India’s reform journey, PM Modi said it reflects his governance philosophy of speed, scale and sustainability. He noted that India’s potential growth rate has strengthened due to capital accumulation, labour formalisation and digital public infrastructure.
The Prime Minister said the Budget is designed to prepare India’s youth for opportunities in a rapidly transforming global economy while maintaining macroeconomic stability and low inflation.
Infrastructure Expansion at Historic Scale
PM Modi underlined that India has witnessed one of the most expansive infrastructure-building phases in its history over the past decade. The number of operational airports has doubled, metro connectivity has expanded to multiple cities, and rural roads and broadband networks have grown significantly.
Nearly ₹3 lakh crore has been allocated to Indian Railways, with emphasis on high-speed connectivity, freight corridors and passenger safety. Dedicated Freight Corridors are being expanded to reduce logistics costs and decongest passenger lines.
Highway allocations have also increased substantially compared to a decade ago, reinforcing logistics efficiency and regional connectivity.
Focus on Sunrise Sectors
The Budget 2026-27 also directs investments toward emerging industries including semiconductors, electronics manufacturing, biopharma, rare earth processing and chemical parks. These sectors are expected to drive innovation, employment and export competitiveness.
Trust-Based Governance and Compliance Reforms
Beyond financial allocations, the Prime Minister stressed governance reforms aimed at simplifying compliance and reducing regulatory burdens. He noted continued efforts to decriminalise minor offences, streamline paperwork and build a trust-based administrative framework.
The government, he said, envisions the state as an enabler rather than a controller, fostering entrepreneurship and ease of doing business.
Vision for Viksit Bharat 2047
Framing the Budget in historical context, PM Modi described it as the first budget of the second quarter of the 21st century. He asserted that policy decisions taken now will shape India’s trajectory toward becoming a developed nation by 2047.
He emphasised that the current global landscape presents strategic opportunities for India in trade, innovation and supply chain partnerships.
“This Budget consolidates the gains made over the past decade and builds momentum for the next 25 years,” he said, reiterating that long-term nation-building remains the guiding principle behind fiscal planning.
