Budget carries a vision of Aatmanirbharta and inclusion of every citizen: PM Modi

Published By : Admin | February 1, 2021 | 15:01 IST
Budget 2021 has boosted India's self confidence: PM Modi
This year's budget focuses on ease of living and it will spur growth: PM Modi
This year's budget is a proactive and not a reactive budget: PM Modi

Namaskar!

The budget for the year 2021 has been presented amidst exceptional circumstances. There is also a sense of reality and confidence of development in it. The influence that Corona created in the world has rocked the entire human race. Amidst these circumstances, today's Budget is going to put spotlight on India's self-confidence. And at the same time, it will infuse a new confidence in the world.

Today’s Budget contains a vision of self-reliance as well as inclusiveness for every individual and class.The budget has principles of new opportunities for growth, expansion of new opportunities, creation of new opportunities for the youth, a new dimension to human resources, development of new areas for infrastructure, move towards modernity and introduce new reforms.

Friends,

This budget emphasizes on improving the 'ease of living' in the lives of the common people by simplifying rules and procedures. This budget will bring several positive changes for individuals, investors, industry and the infrastructure sector. I congratulate the country’s Finance Minister Nirmala ji, her colleague Anurag ji, and their team for this.

 

Friends,

This was also one of the rare Budget speeches that elicited so many positive reactions from experts within 1-2 hours. Many experts were assuming that the government would increase the burden on ordinary citizens in the wake of Corona, but keeping in view its obligations towards fiscal stability, the Government stressed on increasing the budget size.Our government has made constant efforts that the budget should be transparent. I am happy that several experts have appreciated transparency in this budget.

Friends,

India has always been pro-active instead of being reactive in this battle against Corona, whether it is the reforms undertaken during the Corona period or the resolution of Atmanirbhar Bharat. In order to take forward this pro-activeness, there is no reactivity in today’s budget. At the same time, we are not stuck with active and we have given a message of pro-activeness to the country by giving a pro-active budgetalso. This budget is particularly focused on sectors which will spur both wealth and wellness. If there is a life, there will be a world. It focuses on MSMEs and infrastructure in particular. Similarly, the way this budget focuses on healthcare is also unprecedented. The budget talks about development in every sector of the country, i.e., all round development. In particular, I am happy that this Budget has given special attention to development in our states of the South, North-Eastern states and regions like Leh-Ladakh in the north. The budget is a major step towards making India's coastal states like Tamil Nadu, Kerala, West Bengal a business power house. This budget will be a great help in tapping the unexplored potential of the northeastern states, such as Assam. The way the research and innovation ecosystem has been emphasized in this budget, the provisions that have been made will give strength to our youth and India will take very concrete steps for a bright future.

Friends,

This budget has given special emphasis on equality of health, sanitation, nutrition, pure water and opportunities to make the lives of the common man and women of the country easier. The budget has made a number of systemic reforms along with unprecedented increase in infrastructure spending, which will greatly benefit growth and job creation in the country. Special emphasis has been given to strengthen the agriculture sector in the country, to increase the income of the farmers, and, therefore,a number of provisions have been made in the budget. In the agriculture sector, farmers will be able to get more credit easily. A provision has been made to help and empower the mandisor the APMCs of the country through the Agriculture Infrastructure Fund. All these decisions show that villagesand our farmers are at the heart of this Budget. This time the MSME sector budget has also been more than doubled as compared to the previous year to boost the MSME sector and to increase employment opportunities.

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Prime Minister Shri Narendra Modi addresses the Wings India 2026 programme in Hyderabad via video conferencing
January 28, 2026
Over the past decade, India’s aviation sector has undergone a historic transformation, evolving from an exclusive club into the world’s third-largest domestic aviation market: PM
India’s aviation sector growth is the result of the government’s long-term vision, which has made air travel inclusive with the mission of enabling every citizen to travel easily by air: PM
The government is working on the next phase of the UDAN scheme to expand regional and affordable air connectivity and sea-plane operations across the country: PM
India has begun producing military and transport aircraft domestically and is moving forward in civil aircraft manufacturing as well: PM
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Prime Minister Shri Narendra Modi addressed a gathering during the Wings India 2026 programme at Hyderabad in Telangana via video conferencing today. Speaking on the occasion, Prime Minister welcomed industry leaders, experts, and investors, noting that the next era of the aviation industry is full of aspirations and India is emerging as a major player. He highlighted the vast opportunities India presents in aircraft manufacturing, pilot training, advanced air mobility, and aircraft leasing, stressing the importance of the Wings India summit for all stakeholders.

Shri Modi remarked that over the past decade, India’s aviation sector has undergone a historic transformation, recalling that air travel was once limited to an exclusive club but today India has become the world’s third-largest domestic aviation market. He pointed out that passenger traffic has grown rapidly and Indian airlines are expanding their fleets, with more than 1,500 aircraft ordered in recent years.

The Prime Minister underlined that this growth has been possible due to the government’s long-term vision, making air travel inclusive rather than exclusive, with the mission of enabling every citizen to travel easily by air. He emphasized that Tier-2 and Tier-3 cities have been connected with airports, noting that in 2014 India had 70 airports, while today the number has risen to more than 160, meaning the country has built over twice as many airports in just a decade. Shri Modi added that over 100 aerodromes have been activated and, alongside this, the government launched the UDAN scheme to provide affordable fares. He stated that as a result of UDAN, 15 million passengers—around one and a half crore—have traveled on routes, many of which did not even exist earlier.

Prime Minister Modi remarked that as India advances towards the goal of becoming a developed nation, the expansion of air connectivity is certain to multiply many times over. He highlighted that by 2047, India is expected to have more than 400 airports, creating a vast network. Shri Modi noted that the government is working on the next phase of the UDAN scheme, which will further strengthen regional and affordable air connectivity, alongside the expansion of sea-plane operations, with the aim of improving connectivity across every corner of the country.

Emphasising that the government is also focusing strongly on developing the tourism sector, Shri Modi said tourist destinations are being upgraded nationwide, and air travel becoming the preferred choice for large numbers of people. The Prime Minister underlined that demand for air travel will see unprecedented growth in the coming years, creating greater opportunities for investment.

PM stated that as India emerges as a major global aviation hub, it is essential to reduce dependence on others for aviation needs and strengthen the path of self-reliance, which will also benefit companies investing in India. Shri Modi highlighted that India is placing strong emphasis on aircraft design, manufacturing, and the aircraft MRO ecosystem. He stressed that India is already a major manufacturer and supplier of aircraft parts. The Prime Minister added that India has begun producing military and transport aircraft domestically and is moving forward in civil aircraft manufacturing as well. He pointed out India’s advantages, including its geographic position in global air corridors, unmatched domestic feeder network, and the future expansion of long-haul fleets, which together form a great strength.

The Prime Minister remarked that the day is not far when electric vertical take-off and landing aircraft designed and manufactured in India will give a new direction to the aviation sector, significantly reducing travel time. He further noted that India is working extensively on sustainable aviation fuel and is poised to become a major producer and exporter of green aviation fuel in the coming years.

Emphasising that India is undertaking numerous reforms in the aviation sector, Shri Modi remarked that as a result, the country is emerging as a major aviation gateway between the Global South and the world. He highlighted that this presents significant opportunities for investors and manufacturers connected with the aviation industry.

Shri Modi noted that India is connecting different regions and markets, with cities being linked to ports through multiple modes of transport. He emphasized that India’s aviation vision is equally focused on air cargo, and the government is working on all necessary regulatory reforms to make cargo movement faster and more efficient. He underlined that digital cargo platforms are simplifying and making the entire process more transparent, while off-airport processing arrangements are reducing the load on airports. The Prime Minister added that modern warehouses are being built to improve and accelerate cargo handling, which will reduce both delivery time and logistics costs in the future. Underlining that India is set to emerge as a major and competitive trans-shipment hub, Shri Modi urged investors to explore opportunities in warehousing, freight forwarding, express logistics, and e-commerce sectors.

Prime Minister remarked that only a few countries in the world today possess such a large scale, policy stability, and technological ambition for the aviation industry as India does. He called upon every nation, every industry leader, and every innovator to take full advantage of this golden opportunity. Shri Modi urged them to become long-term partners in India’s development journey and contribute to the growth of the global aviation sector. He concluded by inviting investors worldwide to join India’s flight as co-pilots and extended his best wishes for the successful organization of Wings India.