In a compelling address at the post-budget webinar themed ‘Technology, Reforms, and Finance for Viksit Bharat,’ Prime Minister Narendra Modi on Friday laid out a roadmap for sustainable economic momentum. Delivered virtually from New Delhi, his speech highlighted how these annual gatherings bridge the gap between budgetary promises and on-ground execution.
Challenging conventional budget critiques tied to market jitters or tax sops, Modi repositioned the Union Budget as a strategic compass for enduring national progress. Policies fueling infra growth, credit fluidity, business ease, transparent administration, and citizen-centric simplicity are the real game-changers, he emphasized.
No budget stands alone, the PM noted—each is a milestone on the 2047 Viksit Bharat highway. Webinars like this one are vital pit stops for collective ideation, ensuring schemes land with precision through cross-sector synergy.
India’s remarkable bounce-back over the past decade stems from reform momentum, process simplification, digital governance leaps, and institutional steeling, Modi observed. With a quarter-century of the 21st century gone, maintaining the ‘Reform Express’ demands flawless execution over mere intent.
Tech frontiers like AI, blockchain, and analytics promise amplified governance efficacy, complemented by vigilant complaint mechanisms. Infra investments have ballooned from ₹2 lakh crore to over ₹12 lakh crore in public capex, beckoning private players to co-invest boldly.
Calls rang out for agile project clearances, innovative financing, and rigorous cost assessments to eliminate slippages. FDI predictability, vibrant bond markets with better liquidity and risk tools, and global best practices will unlock long-term capital.
Modi proposed a formal ‘Reform Partnership Charter’ as a pact among stakeholders, stressing that policy triumph hinges on collaborative delivery. Wrapping up, he urged finance houses, markets, industries, professionals, and innovators to operationalize the budget swiftly, transforming aspirations into tangible triumphs for a developed nation.