Prime Minister Narendra Modi is set to speak at a webinar titled “Technology, Reforms and Finance for Viksit Bharat” on Friday morning through video conferencing. The webinar will focus on topics such as public capex, infrastructure, banking sector reforms, financial sector architecture, and tax reforms aimed at improving the ease of living. This webinar is part of a series post-Budget webinars planned to discuss key themes from the Union Budget 2026–27.
The Finance Minister, Nirmala Sitharaman, has announced a capital expenditure of Rs 12.2 lakh crore in the Budget for 2026-27 to support significant infrastructure projects and stimulate economic growth and job creation. Additionally, an Infrastructure Risk Development Fund has been established to expedite the progress of major projects. The Budget also emphasizes boosting infrastructure development in areas like highways, ports, railways, and power projects, along with enhancing manufacturing in strategic sectors and promoting MSMEs.
Sitharaman highlighted the government’s commitment to maintaining fiscal prudence and monetary stability while focusing on public investments. She stressed the importance of India’s integration with global markets, advocating for increased exports and foreign investments. The Finance Minister has projected a reduction in the fiscal deficit to 4.3 per cent of GDP for the fiscal year 2026-27, continuing the path of fiscal consolidation to ensure economic growth and stability.
