Prime Minister Narendra Modi on Wednesday said he had an ‘insightful interaction’ with leading economists and sectoral experts ahead of the Union Budget 2026–27, reaffirming the government’s emphasis on self-reliance, structural transformation and sustained economic growth.
The meeting, held at NITI Aayog on Tuesday, formed part of the government’s pre-Budget consultations and focused on the theme ‘Aatmanirbharta and Structural Transformation: Agenda for Viksit Bharat’.
Taking to X, PM Modi posted, “Had an insightful interaction with economists and experts yesterday. They shared valuable perspectives relating to the theme of ‘Aatmanirbharta and Structural Transformation: Agenda for Viksit Bharat’.”
During the interaction, PM Modi observed that the vision of a developed India by 2047 has evolved from a government-led objective into a widespread public aspiration. He pointed out that this transformation is reflected in changing trends in education, consumption and global mobility.
“This shift is evident in the evolving patterns of education, consumption, and global mobility, necessitating enhanced institutional capacity and proactive infrastructure planning to meet the needs of an increasingly aspirational society,” PM Modi told economists.
To ensure long-term economic momentum, PM Modi therefore stressed the need for mission-mode reforms across key sectors. In this context, he said these reforms are crucial for building global capabilities, improving competitiveness and enabling deeper global integration.
An official statement noted that the Prime Minister emphasised the importance of keeping India’s policymaking and budgeting firmly aligned with the long-term vision for 2047.
At the same time, he highlighted the need to position India as a sustained hub for the global workforce and international markets.
During the meeting, economists and experts offered strategic inputs on enhancing productivity and competitiveness in both manufacturing and services. In particular, the discussions explored pathways for accelerating structural transformation through higher household savings, robust infrastructure development and the wider adoption of advanced technologies.
Additionally, economists and experts examined the role of Artificial Intelligence (AI) as a driver of cross-sector productivity and also discussed the continued scaling of India’s Digital Public Infrastructure (DPI).
According to the official statement, participants further noted that the wave of cross-sector reforms undertaken in 2025, coupled with their consolidation in the coming year, will reinforce India’s growth prospects.
They said these measures will help India maintain its position among the world’s fastest-growing major economies by strengthening core fundamentals and unlocking new avenues for development.
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