New Delhi, February 27 Prime Minister Narendra Modi on Friday urged the industry to invest and innovate, and called on financial institutions to provide practical solutions and strengthen market confidence.
Addressing a post-Budget webinar on 'Technology, Reforms, and Finance for Viksit Bharat', Modi said, "When the government, industry, and knowledge partners come together, 'reforms translate into results', and 'announcements on paper turn into achievements on the ground'".
In the last decade, the government has focused on infrastructure, he said, adding that public capital expenditure has increased from ₹2 lakh crore 11 years ago to over ₹12 lakh crore in the Union Budget 2026-27.
This high capital expenditure allocation is a signal for the private sector to invest and innovate, Modi said, adding that the industry should take advantage of all the announcements in the 2026-27 Budget.
"Indian businesses should invest and innovate, and financial institutions should help design practical solutions and improve market confidence," Modi said.
Over the past decade, India has demonstrated extraordinary resilience, the PM said, adding that this has not happened by chance but due to reforms driven by conviction.
The government has also simplified processes and made doing business much easier.
"My suggestion is that we should develop a clear 'Reform Partnership Charter' which will have collaboration between the government, industry, financial institutions, and academia. This charter will become an important document in the goal to achieve Viksit Bharat by 2047," he said.
Observing that the Budget is often evaluated on different parameters, Modi said, "The national Budget is not a short-term trading document. It is a policy roadmap. Therefore, the effectiveness of the Budget should also be assessed on solid and substantive parameters".
