Political stability, political predictability restored investor confidence in India, says PM Modi

Prime Minister Narendra Modi on Sunday (February 15, 2026) said, in an exclusive interview to the PTI, that Budget 2026 reflects India’s yearning to become a developed nation.

Mr. Modi said: “Budget not a ‘now or never’ moment born out of compulsion but a ‘we are ready’ moment born out of preparation, inspiration.”

On the spate of trade deals, the Prime Minister said: “Political stability, political predictability restored investor confidence in India.”

Speaking to the PTI, Mr. Modi touched upon the FTAs with 38 nations. He said “Stronger manufacturing, services, MSMEs enable India to negotiate trade pacts from a position of strength.”

Mr. Modi said “Our FTAs designed to expand market access for MSMEs in textile, leather, chemicals, handicrafts, gems and other sectors.”

With the government pushing for self-reliance in the defence sector, the Prime Minister added that the “government will do whatever it take to support the country’s defence forces and strengthen them.”

Referring to the jump in defence Budget, the Prime Minister said “The govt has a duty to modernise defence sector in line with current realities.”

Speaking exclusively to PTI, the Prime Minister slammed UPA-era economic mismanagement that left India unable to negotiate from a position of confidence.

Mr. Modi said “During UPA rule, talks would begin and then breakdown; a little real substance achieved despite long negotiations.”

He said “Reform is the commitment of the govt, something it has shown in letter and spirit.”

The Prime Minister also said “Private sector critical for next phase of economic transformation, requests ‘decisive response’ from them.”