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Informist, Sunday, Feb. 1, 2026

 

--PM Modi: Budget ambitious, addresses country's aspirations 
--PM Modi: Budget took major steps to develop infra corridors 
--PM Modi: Budget aims to give support to sunrise sectors 
--PM Modi: Want to become world's third-largest economy soon 

 

NEW DELHI – Prime Minister Narendra Modi Sunday said the Union Budget for 2026-27 (Apr-Mar) will give new speed to the "Reform Express" that India has "already boarded", and that it provides a foundation for a bright future.

 

The prime minister also hailed the major trade deals that India has concluded recently, especially the free trade agreement with the European Union, and said that these are going to benefit India's youth and micro, small, and medium enterprises.

 

"This Budget is unique in the way that it has focussed on reducing the fiscal deficit and keeping inflation under control while aligning with high capex and high growth targets," Modi said. 

 

The prime minister said that India is already the world's fastest growing economy, but "we are not satisfied with just this and now want to become the world's third-largest economy soon". "This is the resolve of India's 140 crore citizens," he said.

 

He said the amount of support to India's sunrise sectors in this Union Budget is "unprecedented". "The kind of support the MSMEs get in this Budget will give them strength to go global from local. Major steps have been taken to strengthen infrastructure such as dedicated freight corridor, development of new waterways and high-speed rail corridor," he said. 

 

Special attention to the development of tier 2 and tier 3 cities and push to municipal bonds will expedite development, according to the prime minister. "This is Yuva Shakti budget. The provisions in this budget will shape up leaders, innovators and creators in different sectors."

 

He also pointed out that tax relief concessions have been offered to make India a global data centre hub. He hailed the Union Budget as one aiming for "balanced growth". End

 

Reported by Asim Khan

Edited by Deepshikha Bhardwaj

 

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