PM Modi Praises Sitharaman's Budget Reply as Roadmap for Economic Transformation
PM Modi calls Sitharaman's Budget reply a full vision for economic change.
Prime Minister Narendra Modi on Thursday commended Finance Minister Nirmala Sitharaman for what he described as a “comprehensive picture” of India’s economic transformation during her reply to the discussion on the Union Budget in the Lok Sabha. In a post on X, the Prime Minister highlighted her emphasis on structural reforms, support for micro, small and medium enterprises (MSMEs), skilling initiatives, and investments in next-generation infrastructure.
In her address, Sitharaman outlined the government’s fiscal roadmap for the upcoming financial year, announcing a total expenditure of ₹53.47 lakh crore. This marks a 7.7 percent increase over the current fiscal year ending March 31. She underscored that the Budget seeks to balance growth ambitions with fiscal prudence while continuing to prioritise capital formation and social sector development.
A key highlight of the Budget is the effective capital expenditure of ₹17.1 lakh crore, equivalent to 4.4 percent of GDP. The government has positioned capital spending as a central driver of economic momentum, with investments directed toward infrastructure expansion, logistics improvement, and digital connectivity. The Finance Minister reiterated that such spending would crowd in private investment and generate employment opportunities.
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On fiscal consolidation, Sitharaman stated that the fiscal deficit for FY27 is projected at 4.3 percent of GDP, amounting to ₹16.95 lakh crore. She reaffirmed the government’s commitment to fiscal discipline under the Fiscal Responsibility and Budget Management (FRBM) framework. Reducing the debt-to-GDP ratio remains a priority, she added, signalling the Centre’s intent to maintain macroeconomic stability.
The Prime Minister’s endorsement of the speech comes amid continued parliamentary debate over the Budget’s growth assumptions and welfare allocations. With a focus on MSMEs, healthcare, education, and skill development, the government has positioned the Budget as a blueprint for long-term economic resilience and inclusive development. The coming months will test the implementation of these measures as India navigates global economic uncertainties.
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