Prime Minister Narendra Modi addressed the second
Budget Webinar on ‘Sustaining and Strengthening
Economic Growth,’ emphasising collaborative efforts to
accelerate India’s economic momentum.
He noted that the first webinar generated valuable
suggestions for implementing budget provisions and
expressed confidence that the current discussions would
further strengthen growth.
The Prime Minister said that as global supply chains are
being reshaped, India’s strong economic performance has
emerged as a source of global optimism. He reiterated the
government’s focus on ‘build more, produce more,
connect more and export more,’ noting that insights from
the webinar would help shape future policy actions.
Highlighting the interdependence of key sectors, the Prime
Minister said manufacturing, logistics, MSMEs and urban
centres form interconnected pillars of the economy. He
noted that manufacturing boosts exports while competitive
MSMEs drive flexibility and innovation, adding that the
Union Budget has provided strong support to these sectors
to strengthen economic growth.
He cautioned that policy direction alone cannot deliver
results without active participation from industry, financial
institutions and state governments.
Calling for focused discussions on boosting manufacturing
and production while making cost structures more
competitive, he stressed that stakeholder suggestions
would be critical in ensuring that development reaches
every corner of the country.
The Prime Minister highlighted initiatives to strengthen
manufacturing and address structural bottlenecks,
including Dedicated Rare Earth Corridors and the
promotion of container manufacturing to support trade and logistics. He also underscored the Biopharma Shakti
Mission aimed at positioning India as a global hub for
biologics and next-generation therapies.
Modi said that amid shifting global economic dynamics,
many countries are seeking reliable manufacturing
partners. He urged industry to invest confidently, adopt
advanced technologies, boost R&D spending and
maintain global quality standards to strengthen India’s role
in global supply chains.Highlighting opportunities from Free
Trade Agreements, he noted they expand export potential
but also require Indian firms to prioritise quality and align
products with global consumer preferences.
Narendra Modi highlighted the importance of MSMEs,
noting that revised classification norms have removed fears
of losing benefits as firms expand. While the government is
easing credit access and supporting technology adoption,
he urged MSMEs to boost productivity, improve quality and
integrate with digital systems and global value chains to
compete internationally.
He said infrastructure and logistics remain central to India’s
growth strategy, supported by record capital expenditure
in the Union Budget. Initiatives such as high-speed rail
expansion, multi-modal connectivity and ship repair
facilities are expected to improve trade and transport
efficiency, though their full benefits will depend on industry
and investor alignment.
On urban development, the Prime Minister observed that
India’s long-term growth will depend on effective planning
and management of cities. He called for suggestions on
how Tier-II and Tier-III cities can emerge as new engines of
economic growth, stressing that such ideas would be
important in shaping future development strategies.
Addressing the global shift toward sustainability, the Prime
Minister said international markets increasingly evaluate
environmental impact alongside cost. He highlighted the
Carbon Capture, Utilisation and Storage Mission and urged
industries to adopt clean technologies early to improve
access to emerging global markets.
Concluding his address, the Prime Minister urged
stakeholders to move beyond discussions and actively
support implementation of the national development
agenda. He said that collective efforts and practical
suggestions would play a key role in advancing the vision
of a ‘Viksit Bharat’