PM Modi Calls for Industry Innovation and Infrastructure Investment at Post-Budget Webinar
Prime Minister Narendra Modi, addressing a post-budget webinar on Friday, urged the industry to drive innovation and commit to fresh investments. He also called upon financial institutions to adopt innovative models to boost infrastructure funding while enhancing the quality of project sanction and appraisal processes.
Government's Decade-Long Infrastructure Push
After outlining the government's extensive infrastructure initiatives over the past ten years, PM Modi stated, "The industry world will have to come forward with fresh investment and innovation. Financial institutions and analysts will have to help in preparing practical solutions and strengthen market confidence. When government, industry, and knowledge partners move forward together, then reforms turn into results."
He encouraged stakeholders to leverage the new opportunities presented in the recent budget, emphasizing that the government has streamlined processes, developed technology-driven governance solutions, and is advancing a wave of reforms.
Focus on Delivery Excellence and Technological Integration
Modi stressed the importance of maintaining momentum by focusing not only on policy intent but also on delivery excellence. "Reforms should be evaluated not by announcement but by their impact on the ground level. We must increase transparency, speed, and accountability by making extensive use of AI, blockchain, and data analytics, and along with this, we must also do continuous monitoring of impact through grievance redressal systems," he said.
He described every budget as a step toward the larger goal of making India a developed nation, noting that "every reform, every allocation, every change should be seen only as a part of this long journey."
Bond Market Reforms for Sustained Growth
Seeking inputs on further measures, PM Modi highlighted the necessity of bond market reforms for long-term economic growth. "We have to ensure predictability, deepen liquidity, bring new instruments, and manage risks effectively. Only then will we be able to attract sustained foreign capital," he concluded, underscoring the critical role of financial sector innovation in achieving national development objectives.
