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New Delhi, 1 February. Prime Minister Narendra Modi has termed the second full budget of his government’s third term as historic and said that it will be of great benefit to small traders and will strengthen the foundation of the future.

It is noteworthy that Finance Minister Nirmala Sitharaman presented the country’s General Budget 2026 in the Lok Sabha on Sunday. While presenting the ninth consecutive budget of his tenure, he made many big announcements for various sectors.

This budget reflects a strong reflection of the women power of the country.

Expressing his reaction on the Union Budget, PM Modi said that it is a strong reflection of the women power of the country. As the woman Finance Minister, Nirmala Sitharaman has created a new record by presenting the country’s budget for the 9th consecutive time. This budget reflects the aspirations of 140 crore Indians. It consolidates the journey of reforms and lays out a clear roadmap for a developed India.

‘This budget is a strong foundation for our high flight of developed India by 2047’

PM Modi said in his address, ‘This budget has been presented keeping the future in mind. Small traders will benefit greatly from this. This is a budget that will accelerate the pace of developed India. This budget is a highway of immense opportunities. This budget realizes the dreams of the present and strengthens the foundation of India’s bright future. This budget is a strong foundation for our high flight of developed India by 2047. Friends, the pace of reform at which India is moving today will get new energy and momentum from this budget.

Resolve of crores of countrymen – ‘We have to become the third largest economy in the world as soon as possible’

Prime Minister Modi said that the reform express on which India is riding today will get new energy and new momentum from this budget. With this budget, the sky has opened for the flight of youth. India is going to become the third largest economy. The budget will strengthen India’s global position. This budget reinvigorates India’s global role. India’s 140 crore citizens are not satisfied with being a fast-growing economy. We want to become the third largest economy in the world as soon as possible. This is the resolve of crores of countrymen.

Priority to reduce fiscal deficit and control inflation

He said that this budget reflects the vision of trust-based governance and human-centric economic framework. This is a unique budget that gives priority to reducing fiscal deficit and controlling inflation, while striking a balance between higher capital expenditure and stronger economic growth.

PM Modi further said in his address that India’s role as a reliable democratic partner and reliable quality supplier of the world is continuously increasing. Big steps have been taken in the budget in this direction due to the big trade deals that India has done recently, the main benefits of which went to the youth of India and the people of small and medium industries of India.

India no longer wants to stop at just being the fastest growing economy

Prime Minister Modi said that this budget not only meets today’s needs, but also strengthens the foundation of the developed India of 2047. Describing it as a ‘highway of opportunities’, he said that India no longer wants to stop at just becoming the fastest growing economy, the country now has its eyes set on the goal of becoming the third largest economy in the world. In this budget, an ambitious roadmap has been presented to give new momentum to Make in India and Self-reliant India campaign. The increase with which support has been given to new emerging industries i.e. sunrise sectors in this budget is unprecedented.

youth and Many important steps were taken to provide maximum benefits to MSMEs.

He further said that recently India has finalized many big trade deals, which are often called the ‘mother of all deals’. To ensure that maximum benefits reach the youth and MSMEs, several important steps have been taken in the budget. To strengthen the infrastructure, several major steps have been included in the budget. These include development of dedicated freight corridors, expansion of national waterways, construction of high-speed rail corridors, and special focus on the development of tier 2 and tier 3 cities. Additionally, the promotion of municipal bonds is intended to provide a strong economic foundation for urban areas. All these steps together will accelerate progress towards a developed India.