Addressing the first post-Budget webinar on ‘Technology, Reforms and Finance for Viksit Bharat’, PM Modi said the private sector must now take the lead in driving India’s next phase of globally competitive growth
Prime Minister Narendra Modi. Pic/PTI
Prime Minister Narendra Modi on Friday urged India Inc to step up investments and innovation, emphasising that the government has already laid a strong foundation through policy reforms and increased capital expenditure, reported news agency PTI.
Addressing the first post-Budget webinar on ‘Technology, Reforms and Finance for Viksit Bharat’, PM Modi said the private sector must now take the lead in driving India’s next phase of globally competitive growth.
“India Inc should come forward with fresh investment and innovation,” he said, calling for closer collaboration between industry, financial institutions, and policymakers, reported PTI.
Capital Expenditure Surge Signals Investment Opportunity
Highlighting the government’s focus on infrastructure-led growth, PM Modi noted that public capital expenditure has risen sharply from Rs 2 lakh crore 11 years ago to over Rs 12 lakh crore in the Union Budget 2026-27, reported PTI.
He said this sustained increase in spending across sectors such as highways, railways, ports, airports, energy, and digital infrastructure is intended to crowd in private investment and enhance long-term productivity.
The Prime Minister added that the higher allocation should serve as a strong signal for businesses to invest with renewed confidence and take advantage of Budget announcements.
Focus on Reforms, Technology and Delivery Excellence
PM Modi stressed that while policy intent is crucial, effective implementation is equally important. He called for improving project appraisal systems and strengthening sanction methodologies to ensure faster execution, reported PTI.
He also highlighted the role of advanced technologies such as artificial intelligence, blockchain, and data analytics in enhancing transparency, efficiency, and accountability in governance and financial systems.
India’s resilience over the past decade, he said, has been driven by consistent reforms, ease of doing business initiatives, and technology-led governance.
Proposal for ‘Reform Partnership Charter’
To deepen collaboration, PM Modi proposed the creation of a ‘Reform Partnership Charter’ involving government, industry, financial institutions, and academia. The initiative aims to ensure that reforms translate into measurable outcomes on the ground, reported PTI.
He also pointed to investor-friendly measures such as simplified foreign investment frameworks and efforts to deepen the bond market, while suggesting the development of low-risk financial instruments to attract sustained global capital.
Describing the Union Budget as a long-term policy roadmap rather than a short-term document, PM Modi said its success should be judged on tangible outcomes rather than immediate market reactions, reported PTI.
He concluded by urging stakeholders to use post-Budget webinars as platforms for meaningful brainstorming, ensuring that policy announcements are effectively converted into real-world achievements aligned with the vision of ‘Viksit Bharat 2047’.
(With inputs from PTI)
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