The Prime Minister highlighted that India’s development relies on creating long-term productive assets, including highways, railways, ports, digital networks, and power systems. “These assets will continue to generate productivity for decades. Public capital expenditure has been continuously increased to signal private sector participation in infrastructure and innovation,” he stated. The provision for public capital expenditure has grown from approximately ₹2 lakh crore to over ₹12 lakh crore in the current budget.
PM Modi emphasized that reforms must translate into tangible results on the ground. He said, “When the government, industry, and knowledge partners move forward together, announcements become achievements.” The Prime Minister underscored the role of technology, including AI, blockchain, and data analytics, to improve transparency, accountability, and speed in public service delivery.
Reforms Driving Ease of Doing Business
Stressing India’s progress in governance, PM Modi noted that the government has simplified processes, enhanced the ease of doing business, expanded technology-led governance, and strengthened institutions. He referred to this momentum as the “Reform Express,” reflecting India’s continuous commitment to structural and financial reforms. The post-budget webinar series is designed to convert budget announcements into practical actions with measurable impact.
The Prime Minister called upon industry, financial institutions, and knowledge partners to collaborate actively. “Every reform, allocation, and policy change should be seen as part of the long journey toward a Developed India. Stakeholder engagement ensures faster implementation, higher efficiency, and better results,” he said.
Financial Reforms and Investor-Friendly Measures
PM Modi outlined steps to simplify foreign investment regulations and deepen bond markets, making the financial ecosystem more predictable and attractive to global investors. “Developing active bond markets, simplifying trading, and strengthening project sanction methodologies with rigorous cost-benefit analysis are crucial to managing risk and encouraging sustained foreign capital,” he explained. He urged stakeholders to adopt global best practices to enhance India’s long-term financing capabilities.
The Prime Minister also emphasized the importance of practical feedback from industry, analysts, and academia, suggesting the development of a “Reform Partnership Charter” to formalize collaboration. He urged participants to actively engage with the new opportunities provided by the budget to ensure rapid and effective implementation of policies and programs.
Collective Action for Viksit Bharat
Concluding the webinar, PM Modi reiterated that the success of reforms depends on collective action. He encouraged all stakeholders to focus on simplicity, delivery, and accountability. “These webinars are not merely discussions; they are meant to translate budgetary measures into a vibrant, results-oriented economy,” he said. The Prime Minister reaffirmed that every effort should contribute toward realizing the vision of a Developed India by 2047.