New Delhi, Feb 27 (NationPress) Prime Minister Narendra Modi is set to lead a post-Budget webinar titled "Technology, Reforms and Finance for Viksit Bharat" on Friday morning through video conferencing.

This webinar will focus on pivotal topics such as public capital expenditure, infrastructure development, reforms in the banking sector, the architecture of the financial sector, enhancing capital markets, and improving living standards via tax reforms, according to the statement.

It marks the initial event in a sequence of post-Budget webinars aimed at exploring crucial themes from the Union Budget 2026–27. The objective is to glean insights from previous experiences and collect structured feedback from attendees to bolster the effective implementation of Budget announcements for the fiscal year 2026-27, leveraging the practical experiences and insights of a diverse group of stakeholders, as outlined in the statement.

The webinars will convene participants from various sectors including industry, financial institutions, market players, government, regulatory bodies, and academia to discuss actionable strategies for implementing significant Budget announcements.

During the Budget presentation, Finance Minister Nirmala Sitharaman revealed a capital expenditure allocation of Rs 12.2 lakh crore for 2026-27, aimed at stimulating major infrastructure projects and fostering economic growth and employment. Additionally, an Infrastructure Risk Development Fund has been established to expedite the progress of substantial projects.

To invigorate economic growth, the Budget proposes a robust focus on infrastructure, covering highways, ports, railways, and power initiatives, while also emphasizing manufacturing in seven strategic sectors and nurturing champion MSMEs.

According to the Finance Minister, the government has upheld fiscal discipline and monetary stability while emphasizing public investments. India is urged to integrate more deeply with global markets, enhancing exports and attracting foreign investments.

Finance Minister Sitharaman anticipates further reduction of the fiscal deficit to 4.3% of GDP for 2026-27 as part of the government's ongoing commitment to fiscal consolidation, ensuring economic growth alongside stability.

In her budget address on February 1, she confirmed the government's success in reducing the fiscal deficit to 4.4% in the Budget for 2025-26 and pledged to lower it further to 4.3%, continuing the path of fiscal prudence.

She emphasized that this target embodies a balance between stimulating economic momentum and maintaining stable public finances, with the fiscal deficit representing the difference between total government expenditure and total revenue.