Prime Minister Narendra Modi has said that the country is riding on the Reform Express with Government simplifying processes, improved Ease of Doing Business and expanding Technology-Led Governance. He emphasised that the focus must not be limited to policy intent only but also on delivery excellence to maintain this momentum. Addressing a Post Budget Webinar on “Technology, Reforms and Finance for Viksit Bharat” today through video conferencing, Mr Modi said, reforms should be evaluated not by announcements but by their impact on the ground.

 

He emphasized to increase transparency, speed and accountability through the extensive use of AI, blockchain and data analytics. The Prime Minister said, over the past decade, Government has placed a big focus on infrastructure. He said, Government made this decision thoughtfully, that India’s development will happen only by preparing solid assets like Highways, Railways, Ports, Digital Network, Power Systems.

 

The Prime Minister said, these will generate productivity for many decades to come. He said, this is precisely why Public Capital Expenditure is being continuously increased. He highlighted that 11 years ago only two lakh crore rupees were allocated in the budget but in the latest union budget it has crossed 12 lakh crore rupees.

 

The Prime Minister said, the Budget is often evaluated on different parameters. Sometimes the discussion revolves around stock market movements, and at other times it focuses mainly on income tax proposals. Mr Modi said, the truth is that the national Budget is not a short-term trading document, it is a policy roadmap. He said, therefore, the effectiveness of the Budget should also be assessed on solid and substantive parameters.

 

Mr Modi said that the webinar shouldn’t be limited to only a platform for exchange of ideas, instead it must become brainstorming exercise. He said, when Industry, Academia, Analyst and policy makers think together then implementation of schemes becomes better and it delivers accurate results.