PM Modi Highlights Infrastructure Capex and Reforms for India's Development by 2047

Prime Minister Narendra Modi emphasized the significant rise in public capital expenditure from around Rs 2 lakh crore to over Rs 12 lakh crore over the past decade, highlighting infrastructure development as central to India's long-term growth strategy. Addressing a post-Budget webinar, he linked these investments in highways, railways, ports, digital networks, and power systems to the goal of building a developed India by 2047. Modi urged collaboration among government, industry, financial institutions, and academia to ensure reforms reach grassroots levels, advocating technology-driven governance and improved market confidence through reforms like bond market enhancements and grievance redressal mechanisms.