New Delhi, Feb 27 : Prime Minister Narendra Modi on Friday underscored the central role of public capital expenditure growth in shaping India’s economic roadmap, highlighting a steep rise in allocations over the past decade while addressing a post Budget webinar on “Technology, reforms and finance for Viksit Bharat” via video conferencing.
He noted that government spending on capital assets has expanded from about ₹2 lakh crore a decade ago to more than ₹12 lakh crore, reflecting a sustained emphasis on infrastructure led development. According to the Prime Minister, investments in highways, railways, ports, power systems and digital connectivity are designed to create durable assets that will enhance productivity for years to come.
Modi stressed that budgets must be viewed as part of a broader national journey rather than standalone exercises. Referring to the goal of transforming India into a developed nation by 2047, he said every reform and allocation should align with this long-term objective. He described the annual post-Budget webinars as crucial platforms to translate policy intent into tangible outcomes.
Highlighting India’s economic resilience, the Prime Minister said the country’s steady growth over the past decade has been driven by conviction-led reforms. He added that infrastructure expansion remains a key engine of development and forms the backbone of India’s future trajectory.
Calling for stronger collaboration, Modi urged industry leaders to enhance investment and innovation, and asked financial institutions to facilitate growth through practical solutions and improved market confidence. He emphasized that coordinated efforts between government, industry and knowledge partners are essential to convert reforms into measurable results.
The Prime Minister also pointed to ongoing financial sector reforms, including steps to ease participation in the bond market and simplify foreign investment norms to make the regulatory framework more predictable and investor friendly. He highlighted the need to streamline project approvals and improve appraisal mechanisms while encouraging greater cooperation in emerging sectors to sustain economic momentum.