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New Delhi. Prime Minister Narendra Modi, while addressing global investors and the people of the country on Sunday, presented the blueprint of India’s growing economic and strategic power. Responding to the opposition’s attacks on trade agreements with the US and the European Union (EU), PM Modi clarified that today’s India is conducting global diplomacy on its own terms and not under anyone’s pressure. He also shared the government’s vision for the historic increase in the defense budget and the future of AI.
Counterattack on Rahul Gandhi’s ‘surrender’ allegation
Congress leader Rahul Gandhi had recently alleged that India has ‘kneeled’ into trade deals with the US. Hitting back at this, the Prime Minister said:
Deal with 38 countries: India has signed Free Trade Agreements (FTAs) not only with America but also with 38 countries of the world on its own terms.
Strengthening MSME: The main objective of these agreements is to open global markets for our small scale industries (MSMEs) in sectors like textiles, leather, chemicals, handicrafts and jewellery.
political stability: The PM said that the political stability in the country has increased the confidence of global investors in India.
Budget 2026-27: ‘Long term’ roadmap for development
The Prime Minister described the budget as not just a game of numbers, but a blueprint for the future of the country. He presented some important figures:
Capital Expenditure (Capex): By increasing it for the financial year 2026-27 Rs 12.2 lakh crore Which is almost five times more than in 2013.
Records in Export: Indian products have broken all their previous records in the global market, which shows the success of ‘Make in India’.
Operation Sindoor and 15% increase in defense budget
happened with Pakistan last year ‘Operation Sindoor’ After the success of, the government has decided to further strengthen the security wall of the defense sector.
Historical Allocation: By increasing this year’s defense budget Rs 7.8 lakh crore (Increased by 15%).
Modernization: The PM said that modernization of our forces is necessary amid the changing geopolitical situations. Expenditure on defense sector to increase by 28% next year Rs 2.3 lakh crore (as capital expenditure).
Stance on Pakistan: On the question of threat of war, he said that the government is committed to the security of its borders and our forces will take every possible step to deal with any situation.
India will become Global AI Hub: World’s largest summit
Referring to the ‘World’s Largest AI Summit’ to be held in Delhi, the PM said that India is expanding computing capacity and data center infrastructure. The government aims to make India a world leader in the AI ecosystem.
3 main pillars of the next decade (Priorities)
The Prime Minister listed three priorities for reforms for the coming 10 years:
Structural Reforms: Modernizing the structure of the economy.
Deep Innovation: Emphasis on research and technology.
Simplified Governance: Making government processes easy and transparent.
North India Statesman