Prime Minister Narendra Modi hailed the Union Budget 2026-27 as historic and a highway of immense opportunities that accelerates India's reform express toward Viksit Bharat by 2047. Presented by Finance Minister Nirmala Sitharaman, it focuses on youth empowerment, sunrise sectors, infrastructure, and fiscal prudence while controlling inflation and boosting capital expenditure. This budget fulfills current aspirations and lays a strong foundation for future growth.
Prime Minister Narendra Modi described the Union Budget 2026-27 as a transformative blueprint that gives new momentum to Make in India and Atmanirbhar Bharat. In his post-budget address on February 1, 2026, he emphasized its role in reducing fiscal deficit, curbing inflation, and achieving high CAPEX for sustained growth. Modi noted India's ambition to become the world's third-largest economy, building on recent trade deals like the EU pact dubbed the mother of all deals.
The budget prioritizes human capital, with initiatives nurturing leaders, innovators, and creators across sectors. Youth benefit from medical hubs, allied health professionals, orange economy promotion in audio-visual and gaming, and northeast tourism. Infrastructure strides target Tier-2 and Tier-3 cities via municipal bonds and urban development.
Sunrise sectors receive unprecedented support, including Electronics Component Manufacturing Scheme, textile innovations, and high-tech toy production. Agriculture, fisheries, dairy, coconut, cashew, and sandalwood sectors gain from rural employment pushes. PM Modi praised Sitharaman's ninth consecutive budget as reflecting feminine strength and inclusive governance.
This Yuva Shakti budget aligns with Viksit Bharat 2047, leveraging India's 140 crore citizens as its biggest capital for equitable prosperity.
Key Highlights from PM Modi's Remarks:
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This budget empowers youth through innovative schemes and positions India as a global leader.
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It supports sunrise sectors like BioPharma Shakti Mission and Semiconductor Mission 2.0 to drive self-reliance.
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Dedicated freight corridors, waterways expansion, and high-speed rail projects including seven new corridors enhance connectivity.
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Rare Earth Corridor and critical minerals focus aid manufacturing and MSMEs, creating champion enterprises.
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Tax reliefs promote India as a data hub, generating employment alongside tourism and Khelo India boosts.
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Agriculture gets emphasis with high-value initiatives, while women's empowerment and mental health receive priority.
Sources: Hindustan Times, The Indian Express, The Economic Times, Times of India, News on AIR
