Union Budget lays foundation for Viksit Bharat by 2047, says Prime Minister

Prime Minister Narendra Modi termed the Union Budget 2026–27 historic, saying it reflects the aspirations of 140 crore Indians, boosts reforms, supports MSMEs, and lays a strong foundation for India’s journey towards becoming a developed nation by 2047.

New Delhi: Prime Minister Narendra Modi on Sunday described the Union Budget 2026-27 as “historic”, saying it reflected the aspirations of 140 crore Indians and strengthened the reform journey and charts a clear roadmap for Viksit Bharat.

In his televised post-budget comments on the Budget, presented by Union Finance Minister Nirmala Sitharaman in Lok Sabha, Modi also said the budget was a “highway of opportunities”.

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“Today’s budget is historic. It reflects the aspirations of 140 crore Indians. It strengthens the reform journey and charts a clear roadmap for Viksit Bharat,” he said.

The Prime Minister said the budget reflects the empowered presence of the nation’s feminine strength. He said Sitharaman has set a new record by presenting the country’s budget for the ninth consecutive time.

Modi said this year’s budget presents an ambitious roadmap to give new momentum to the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives.

“This budget is the foundation for our journey towards a Viksit Bharat by 2047. This year’s budget will give India’s reform express new energy and new momentum,” he said.

The Prime Minister said India is not content with simply being the fastest-growing economy and the Budget strengthens the foundation of India’s bright future.

“This budget further strengthens India’s global role. The 1.4 billion citizens of India are not satisfied with being just the fastest-growing economy. We want to become the world’s third-largest economy as soon as possible. This is the resolve of millions of countrymen,” he said.

Modi said this budget embodies the vision of trust-based governance and a human-centric economic framework and it is a distinctive budget that prioritises reducing the fiscal deficit and containing inflation while balancing high capital expenditure with robust economic growth.

He also said the support that MSMEs have received in this year’s budget will give them new strength to grow from local to global.