PM Modi Calls for Bold Reforms in Union Budget 2026 to Fuel Viksit Bharat Vision

Prime Minister Narendra Modi set the agenda for India’s next Union Budget. He held a crucial meeting with top economists on December 30. The talks focused on achieving long-term economic growth.The goal is to make India a developed nation by 2047. According to reports from PTI, the Prime Minister stressed mission-mode reforms are essential. This vision is now a genuine national aspiration.

Driving Structural Transformation for Global Competitiveness

The meeting took place at NITI Aayog in New Delhi. Finance Minister Nirmala Sitharaman and other senior officials were present. The theme was self-reliance and structural change.PM Modi stated policy must remain anchored to the 2047 goal. He argued for building world-class capabilities. Global economic integration is a key priority.Economists provided insights on boosting productivity. Discussions covered manufacturing and services sectors. The recent flurry of reforms in 2025 was noted as a strong foundation.The group explored using technology to drive progress. Artificial Intelligence was highlighted as a major productivity enabler. Scaling India’s Digital Public Infrastructure was also discussed.

Public Participation and the Road to 2047

The push for reforms comes with a call for public involvement. Earlier in December, the government invited budget suggestions from citizens. The MyGov platform was used for this outreach.This move aims to incorporate public insight into national planning. It reinforces the idea of Viksit Bharat as a collective mission. The upcoming budget is seen as a critical step on this path.The economists’ discussion emphasized robust infrastructure development. Increasing household savings is another focal point. Cutting-edge technology adoption remains central to the strategy.

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The direction for the Union Budget 2026 is now clear. It must consolidate recent reforms and unlock new opportunities. This approach aims to sustain India’s position as a top-growing global economy.

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Q1: What was the main purpose of PM Modi’s meeting with economists?

The meeting aimed to gather strategic inputs for the Union Budget 2026-27. The focus was on sustaining long-term growth to achieve a developed India by 2047. Discussions centered on structural reforms and boosting competitiveness.

Q2: What key areas did the economists highlight for reform?

Experts emphasized enhancing productivity in manufacturing and services. They discussed accelerating structural transformation through infrastructure and savings. The role of AI and digital public infrastructure was also a major topic.

Q3: Who attended the NITI Aayog meeting?

Attendees included Finance Minister Nirmala Sitharaman and NITI Aayog officials. Renowned economists like Shankar Acharya and Ashima Goyal were also present. Principal Secretaries to the PM and the Chief Economic Adviser participated.

Q4: How can the public contribute to the Union Budget 2026?

The government has sought suggestions via the MyGovIndia website. This initiative aims to incorporate public insight into policy-making. It is part of an effort to promote inclusive growth through public participation.

Q5: Why is the year 2047 significant for India’s planning?

2047 marks 100 years of India’s independence. The national vision, called Viksit Bharat, aims to transform India into a developed nation by that year. All current policy and budgeting is being aligned with this long-term goal.

Trusted Sources: PTI, ANI