Prime Minister Narendra Modi on Friday urged the Indian industry to step up investment and innovation, saying the government has laid the groundwork through aggressive capital spending and by creating a conducive policy environment in successive Budgets, and that it is now time for the private sector to drive the next phase of globally competitive growth.
Addressing the first
post-Budget webinar on ‘Technology, Reforms and Finance for Viksit Bharat’, Modi said public capital expenditure has risen from Rs 2 lakh crore 11 years ago to over Rs 12 lakh crore in the Union Budget 2026-27, laying a strong foundation for expansion.
The higher allocation, he said, signals the private sector to invest with renewed vigour and leverage Budget announcements for 2026-27.