“Placing of the Budget by a third term government is being seen as a glorious event by the nation”
“This Budget will set the direction of the next five years of the current government and will lay a strong foundation for the dream of Viksit Bharat by 2047”
“Rise up above party politics and commit to the nation by making use of the dignified platform of the Parliament”
“Till 2029 the only priority should be the country, its poor, farmers, women and the youth”
“Muzzling of the elected government and its Prime Minister has no place in democratic traditions”
“First time members should be allowed to come forward and present their views”
“This House is not meant for political parties, this House is meant for the country. It is not meant to serve the Parliamentarians but 140 crore citizens of India”

Today is the first Monday of the month of Sawan, an auspicious day on which an important session is beginning. I extend my best wishes to all my countrymen on this occasion.

The Monsoon Session of Parliament also starts today. The entire nation is watching closely, hoping that this session will be positive, constructive, and lay a strong foundation for realizing the dreams of the people.

Friends,

I see this as a significant milestone in the glorious journey of Indian democracy. It is a matter of great pride for me and all my colleagues that, after nearly 60 years, a government has returned for a third term and has the privilege of presenting the first budget of this term. The country views this as a dignified event in the glorious journey of Indian democracy. This is the budget session, and we are moving forward with the goal of gradually implementing the promises I have made to the nation. This budget is crucial for 'Amritkaal'. We have a five-year mandate, and today’s budget will set the direction for our work over these five years, laying a strong foundation for achieving our vision of a developed Bharat by 2047, when we will celebrate 100 years of independence. It is a matter of immense pride for every citizen that Bharat is the fastest-growing major economy, maintaining a consistent growth rate of 8 percent over the past three years. Today, Bharat's positive outlook, investment climate, and performance are at their peak, marking an important milestone in our development journey.

Friends,

I request all the Members of Parliament, regardless of their party affiliation, to consider that since January, we have fought our battles with all our strength and communicated our messages to the public. Some tried to guide, while others tried to mislead. However, that period is over, and the people have given their verdict. Now, it is the duty of all elected MPs and the special responsibility of all political parties to shift our focus from party battles to fighting for the country over the next five years. We must act with greater integrity and dedication. I urge all political parties to rise above partisan politics and use the dignified platform of Parliament to serve the country for the next 4 - 4.5 years.

After January 2029, when it is an election year, you can engage in political games for those six months. But until then, we should focus all our efforts on achieving the dream of 2047 by creating a mass movement for the empowerment of the poor, farmers, youth, and women of the country. It saddens me to say that since 2014, some MPs served for

five years, some for ten, but many did not have the opportunity to speak about their constituencies or enrich Parliament with their views. Negative politics from some parties have misused important parliamentary time to cover up their political failures. I urge all parties to give an opportunity to the first-time MPs in the House, allowing them to express their views during discussions. We should allow as many voices as possible to be heard. In the first session of Parliament after the formation of the new government, there was an undemocratic attempt to suppress the voice of the government, which was elected by the majority of 140 crore citizens. In a democracy, there should be no place for silencing the Prime Minister for 2.5 hours, stifling his voice. It is concerning that there is no remorse or regret for such actions.

Today, I want to emphasize that the citizens have sent us here to serve the country, not our parties. This House exists for the nation, not for partisan interests. This House represents the 140 crore people of our country, not just the MPs. I believe that all our honourable MPs will contribute to the discussions with thorough preparation. Diverse opinions are valuable; it is negativity that is detrimental. The country does not need negative thinking but should advance with an ideology of progress and development, one that will elevate our nation to new heights. I sincerely hope we will use this temple of democracy constructively to fulfil the hopes and aspirations of the common people of Bharat.

Thank you very much, friends.

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List of Outcomes: Prime Minister of Japan’s visit to India for the 16th India-Japan Annual Summit
July 02, 2026
Sl. No.OutcomeDescription
1. India-Japan Joint Declaration on Economic Security Promotes project-based collaboration for enhancing joint resilience in key sectors including semiconductors, critical minerals, information and communication technology including AI, clean energy and pharmaceuticals. India-Japan Fact Sheet 2.0 captures growing India-Japan G2G and B2B engagement in this crucial area.
2. India-Japan Joint Statement on Cooperation in the Field of Artificial Intelligence Elevates the India-Japan relationship to a strategic research and development partnership in the AI domain. Building on the India-Japan AI Initiative, the Joint Statement provides a roadmap for greater cooperation across the entire AI technology stack in pursuit of the shared vision of safe, secure, trusted, inclusive, and human-centric AI.
3 Joint Statement on Energy Resilience (between MoPNG and METI, Japan) Strengthens cooperation in strategic stockpiling and reserve mechanisms for crude oil and petroleum products. Promotes collaboration in joint investments across the maritime energy transport value chain.
4. Celebrating the 75th Anniversary of India-Japan Diplomatic Relations Outlines a series of commemorative events to celebrate 2027, the 75th anniversary of establishment of diplomatic relations, as the India-Japan Year of Shared Horizons
5. Memorandum of Cooperation for India-Japan Cooperative Biogas for Growth (CBG) Initiative Promotes cooperation towards the goal of establishing 1,000 biogas and organic fertilizer plants all across India, leveraging the extensive network of dairy cooperatives.
6. Memorandum of Cooperation in the Field of Batteries Promotes cooperation in battery-related projects and expands business opportunities with an aim of building a trusted, resilient and sustainable battery supply chain.
7. Memorandum of Cooperation in the Field of Pharmaceuticals and Medical Devices Sector Strengthens pharma supply chains, including in Active Pharmaceutical Ingredients (APIs) and Key Starting Materials (KSMs), through promotion of bilateral investment and business linkages, technical collaboration and industry-academia collaboration.
8. Memorandum of Cooperation in the Field of Geology and Mineral Exploration Strengthens cooperation in upstream critical minerals exploration through exchange of technical expertise.
9. Memorandum of Cooperation between IndiaAI Mission and Ministry of Economy, Trade and Industry (METI), Japan Promotes institutional cooperation between IndiaAI Mission and Japan’s GENIAC initiative – through B2B matchmaking, webinars on AI policies and challenges and support for joint projects through access to computing resources
10. Memorandum of Cooperation on Next Generation Mobility Partnership (NGMP) Establishes a framework for operationalizing the Next Generation Mobility Partnership (NGMP) which was announced at the 15th Annual Summit in August 2025. The NGMP would accelerate private sector-led cooperation and investment in mobility sectors including rail, automotive and road infrastructure, aviation, shipbuilding and ports, logistics, and urban development, positioning India as a hub for “Make in India for the World” exports to third countries.
11. Memorandum of Understanding between India’s Centre for Cellular and Molecular Platforms (C-CAMP) and RIKEN, Japan Establishes a framework for academic, translational research and start-up oriented innovation in deep-tech and life sciences, covering healthcare, agriculture and environment.
12. Memorandum of Understanding between National Center for Biological Sciences-Tata Institute of Fundamental Research and RIKEN, Japan Creates a framework for cooperation in basic biological and neuroscience research between the two leading research institutions
13. Memorandum of Understanding between IIT Bombay, BharatGen Technology Foundation and National Institute of Informatics, Japan Furthers collaboration on large language models (LLMs), with a focus on developing LLMs for enhanced scientific reasoning, through joint research exchanges
14. Memorandum of Understanding between SarvamAI and Preferred Network on LLM Development Creates a framework for cooperation across the full AI technology stack, including foundation models.
15. Memorandum of Understanding Between National Internet Exchange of India (NIXI) and Japan Network Information Center (JPNIC) Promotes cooperation in National Internet Registry operations, IPv6 adoption, internet security improvements, capacity building, student/professional exchanges and exchange of views on internet governance at regional and global forums.
16. Exchange of Letters Between International Financial Services Centres Authority (IFSCA) and Financial Services Agency, Japan (JFSA) Establishes a framework for cooperation in development, regulation and supervision of financial services as well as information exchange on financial-market trends and best practices, particularly in FinTech and RegTech.