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Prime Minister Modi Declares 2026 Budget a 'Historic' Blueprint for National Self-Reliance

Agency Source: Latest News: Read Latest News Live, India's Latest News Today | Hindustan Times Bureau Release: February 1, 2026 | 10:47 IST
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In a definitive statement, Prime Minister Narendra Modi has characterized the 2026 Union Budget as a 'historic' document, asserting it crystallizes the collective aspirations of India's 1.4 billion citizens. The declaration positions the fiscal plan as a cornerstone of the nation's strategic economic trajectory. Analysis indicates the budget is engineered to deliver a substantial impetus to the dual pillars of the government's industrial policy: the 'Make in India' initiative, aimed at bolstering domestic manufacturing, and the overarching 'Aatmanirbhar Bharat' (Self-Reliant India) campaign. This alignment suggests a calculated reinforcement of supply chain resilience and a reduction in import dependencies across critical sectors. The Prime Minister's framing elevates the budget beyond mere fiscal accounting, presenting it as a transformative policy instrument designed to accelerate India's transition toward a globally competitive, innovation-driven economy. The emphasis on these flagship programs underscores a continued focus on strategic autonomy and job creation within the manufacturing ecosystem. This official endorsement sets the tone for the budget's parliamentary passage and its subsequent implementation phase, which will be closely monitored for its tangible impact on industrial output, foreign direct investment, and overall economic sovereignty.

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