**EDS: THIRD PARTY IMAGE** In this screengrab from a video posted on Feb. 1, 2026, Prime Minister Narendra Modi addresses the nation as he gives his remarks on the Union Budget 2026-27, in New Delhi. (@NarendraModi/YT via PTI Photo) (PTI02_01_2026_000305B)
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CNBC TV1801-02-2026, 14:40

PM Modi: India Aims for Third-Largest Economy, Not Content with Fourth

  • PM Modi stated India is not satisfied with being the world's fourth-largest economy and aims to become the third-largest soon.
  • He described the Union Budget 2026-27 as providing 'fresh fuel to the reform express' and a strong foundation for Viksit Bharat 2047.
  • The Budget emphasizes reducing fiscal deficit, controlling inflation, and creating opportunities for citizens and businesses.
  • Modi highlighted the Budget's focus on youth, calling it a 'Yuva Shakti Budget' with initiatives like Khelo India.
  • The Prime Minister also noted a strong push for women-led development and strengthening the 'local to global' mission.

Why It Matters: PM Modi asserts India's ambition to become the world's third-largest economy, driven by the 2026-27 Budget.

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