Budget Session 2026: PM Modi Hails “Reform Express” as India Enters New Economic Phase

New Delhi, january 29, 2026: Prime Minister Narendra Modi addressed the media at Parliament House today, marking the beginning of the crucial Budget Session 2026. In an upbeat address, the Prime Minister described the upcoming Union Budget as a foundational document for the next quarter of the 21st century, urging lawmakers to engage in “meaningful and productive” discussions.

Coming off the back of President Droupadi Murmu’s joint address to both Houses, PM Modi emphasized that the nation is currently on a high-speed “Reform Express.“ He noted that the 2026 session is particularly symbolic as India transitions into a decisive 25-year period leading toward the goal of Viksit Bharat 2047.

Key Highlights from the PM’s Address

The Prime Minister’s interaction touched upon several critical themes for the upcoming fiscal year:

• A Historic Milestone: PM Modi lauded Finance Minister Nirmala Sitharaman, who is set to make history by presenting her ninth consecutive Budget on February 1. He called this a “proud moment” for India’s parliamentary democracy.
• Aspirations of the Youth: Echoing the President’s speech, the PM stated that the current government’s focus remains firmly on the “four pillars” of society: the poor, the youth, women, and farmers.
• Global Manufacturing Hub: Highlighting the recent Free Trade Agreement (FTA) with the European Union, the PM urged Indian manufacturers to scale up. “A new market of 27 nations has opened up; our goal is to make ‘Made in India’ synonymous with world-class quality,” he said.
• Call for Cooperation: Amidst potential opposition protests over schemes like MGNREGA, the Prime Minister made a direct appeal to all Members of Parliament to prioritize national interest over political posturing, ensuring the session remains focused on development.

Road to the Union Budget 2026

The Budget Session is scheduled to be held in two phases, spanning 65 days with 30 sittings. Following the Prime Minister’s address, the Economic Survey 2025–26 was tabled in Parliament, providing a comprehensive report card on the country’s financial health.

What to Expect Next?

With the Union Budget set to be presented this Sunday, all eyes are on potential reforms in personal income tax, infrastructure spending, and incentives for the AI and green energy sectors. The government is expected to maintain its focus on “Reform, Perform, and Transform” to shield the domestic economy from global volatility.

The Prime Minister concluded his media brief by expressing confidence that this session would pave the way for India to remain the world’s fastest-growing major economy.