Daijiworld Media Network - New Delhi

New Delhi, Feb 28: Prime Minister Narendra Modi on Friday called upon industry leaders to step up investment and innovation, while urging financial institutions to provide practical solutions and strengthen market confidence to realise the vision of Viksit Bharat.

Addressing a post-Budget webinar on ‘Technology, Reforms and Finance for Viksit Bharat’, the Prime Minister said that when government, industry and knowledge partners work together, reforms translate into tangible outcomes and policy announcements turn into achievements on the ground.

Highlighting the government’s infrastructure push over the past decade, Modi said public capital expenditure has risen sharply from ?2 lakh crore 11 years ago to over ?12 lakh crore in the Union Budget 2026-27. The substantial increase in capex allocation, he said, is a strong signal for the private sector to invest with renewed vigour.

He urged India Inc to fully leverage the announcements made in the 2026-27 Budget and come forward with fresh investments and innovative initiatives. Financial institutions, he added, should help design practical solutions that enhance credit flow and boost investor confidence.

The Prime Minister said India’s resilience over the last decade was the result of conviction-driven reforms rather than chance. He noted that the government has consistently worked towards simplifying processes and improving ease of doing business.

Proposing deeper collaboration, Modi suggested the creation of a clear ‘Reform Partnership Charter’ to formalise cooperation between the government, industry, financial institutions and academia. Such a charter, he said, would serve as an important framework in achieving the goal of Viksit Bharat by 2047.

Observing that national Budgets are often assessed through short-term lenses, the Prime Minister emphasised that the Union Budget is a long-term policy roadmap and should be evaluated on substantive and structural parameters.