PM Modi to address stakeholders on Union Budget 2026–27 implementation and economic reforms

New Delhi: Prime Minister Narendra Modi will address a post-Budget webinar titled “Technology, Reforms and Finance for Viksit Bharat” on Friday morning via video conferencing.

The webinar will focus on key themes emerging from the Union Budget 2026-27, including public capital expenditure (capex), infrastructure development, banking sector reforms, financial sector architecture, deepening capital markets and improving ease of living through tax reforms.

According to an official statement, this is the first in a series of post-Budget webinars aimed at strengthening the implementation of Budget 2026-27 announcements. The sessions are designed to draw lessons from past experiences and obtain structured feedback from stakeholders to ensure outcome-oriented execution of policy measures for the current financial year.

The event will bring together representatives from industry, financial institutions, market participants, government departments, regulators and academia to deliberate on effective implementation strategies for major Budget proposals.

In the Union Budget 2026-27, Finance Minister Nirmala Sitharaman announced a capital expenditure outlay of Rs 12.2 lakh crore to accelerate infrastructure projects, stimulate economic growth and generate employment. An Infrastructure Risk Development Fund has also been established to fast-track large-scale projects.

The Budget outlines a strong push for infrastructure expansion across highways, ports, railways and power projects. It also proposes scaling up manufacturing in seven strategic sectors and nurturing “champion” MSMEs to enhance India’s industrial competitiveness.

Nirmala said the government has maintained fiscal prudence and monetary stability while continuing to prioritise public investment. She emphasised the need for deeper integration with global markets by boosting exports and attracting foreign investment.

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The Finance Minister has projected a reduction in the fiscal deficit to 4.3 per cent of GDP for 2026-27, underscoring the government’s commitment to fiscal consolidation. In her Budget speech on February 1, she noted that the fiscal deficit target for 2025-26 had been reduced to 4.4 per cent and would be further lowered to 4.3 per cent in the upcoming financial year.

She said the target reflects a balance between sustaining economic momentum and maintaining public finance stability. The fiscal deficit represents the gap between the government’s total expenditure and total revenue.

IANS