Argus News - PM Modi Hails Union Budget 2026–27 As Historic And Future-Ready

New Delhi, Feb 1: Prime Minister Narendra Modi on Sunday described the Union Budget 2026–27 as “historic,” calling it a powerful reflection of Nari Shakti and a roadmap for India’s journey towards becoming a developed nation by 2047.

Congratulating Finance Minister Nirmala Sitharaman for presenting her ninth consecutive budget, PM Modi said the Union Budget is “a highway of immense opportunities” that strengthens the foundation of India’s bright future. He emphasised that the budget embodies trust-based governance and a human-centric economy, while balancing fiscal discipline with high capital expenditure and growth.

The Prime Minister noted that the budget re-empowers India’s global role, aiming not only to remain the fastest-growing economy but also to become the world’s third-largest economy at the earliest. He highlighted measures to support trade deals, MSMEs, and youth, describing the budget as a catalyst for employment generation and innovation.

PM Modi pointed to ambitious initiatives under Make in India and Atmanirbhar Bharat, including the Bio-Pharma Shakti Mission, Semiconductor Mission 2.0, Rare Earth Corridor, and schemes for textiles and electronics. He said these steps would strengthen sunrise sectors and give MSMEs new strength to expand from “local to global.”

Infrastructure development featured prominently in his remarks, with dedicated freight corridors, expansion of waterways, high-speed rail, and support for tier-II and tier-III cities through municipal bonds. He also praised provisions for tourism, healthcare, education, and the Khelo India Mission, calling it a “Youth Power Budget” that reflects the aspirations and resolve of India’s young population.

Also Read: Union Budget 2026: Odisha Set For Industrial And Logistics Boost

PM Modi underlined the budget’s focus on women, citing support for Self Help Groups and new hostels for female students. He also welcomed measures for agriculture, dairy, fisheries, and rural entrepreneurship, including the Bharat Vistar AI tool for farmers.

“This budget is ambitious, futuristic, and sensitive. It ensures welfare of villages, the poor, and farmers while opening new doors of opportunity for youth and women,” PM Modi said.