Officials noted that government capital expenditure has increased sharply, from around Rs 2 lakh crore 11 years ago to over Rs 12 lakh crore

Union Budget 2026–27: PM Modi Highlights Technology, Infrastructure, and Finance for ‘Viksit Bharat’

The Union Budget 2026–27, presented on February 1, 2026, lays out a clear roadmap for a ‘Viksit Bharat,’ focusing on technology, reforms, and finance, Prime Minister Narendra Modi said on Friday. Speaking at a post-Budget webinar, he urged stakeholders to translate reforms into tangible outcomes.

Officials noted that government capital expenditure has increased sharply, from around Rs 2 lakh crore 11 years ago to over Rs 12 lakh crore today. They said this rise signals opportunities for private sector participation. Increased spending on infrastructure, including highways, railways, ports, power systems, and digital networks, is expected to strengthen connectivity and efficiency across the country.

The Prime Minister highlighted the use of emerging technologies such as AI, blockchain, and data analytics to improve transparency, speed, and accountability in governance. Digitisation initiatives, including strengthened grievance redressal monitoring, are expected by officials to make government processes more accessible and responsive for citizens.

PM Modi also called for reforms in financial markets, including measures to strengthen the bond market, attract sustained investment, and adopt global best practices. Officials said these steps aim to increase market confidence and encourage participation from both domestic and foreign investors.

The webinar was the first in a series of post-Budget consultations designed to gather feedback from stakeholders and ensure effective implementation of Budget announcements for FY 2026–27. Officials added that these consultations are intended to help achieve the intended outcomes of the reforms across the country.