Prime Minister Narendra Modi has stated that India's budget lays a solid foundation for achieving the ambitious goal of transforming India into a developed nation by 2047. The Prime Minister's remarks highlight the government's long-term vision and strategic approach to economic development.

Vision for Developed India

Modi's statement reflects the administration's confidence that the current budgetary framework is strategically designed to support India's journey toward becoming a developed economy within the next two decades. The Prime Minister emphasized that the budget provisions are aligned with the country's transformational objectives for 2047.

Strategic Budget Framework

The Prime Minister's comments indicate that the government views the budget as a crucial instrument for laying the groundwork for sustained economic growth and development. This positioning suggests that budgetary allocations and policy measures are being crafted with a long-term perspective to achieve the developed nation status.

Government's Development Agenda

The statement underscores the administration's commitment to using fiscal policy as a tool for driving comprehensive economic transformation. Modi's remarks signal that the budget is being leveraged to advance various developmental initiatives across multiple sectors of the Indian economy, supporting the broader vision of a developed India by 2047.

Prime Minister Narendra Modi conducted a strategic roundtable meeting with leading Indian artificial intelligence startups on Thursday, reinforcing the government's vision to establish India as a global leader in ethical and inclusive AI development. The closed-door session at 7 Lok Kalyan Marg comes ahead of the India AI Impact Summit 2026, signaling the administration's commitment to indigenous AI innovation.

Startup Participation and Focus Areas

The meeting brought together 12 Indian AI startups that have qualified under the Foundation Model Pillar of the IndiaAI Mission. These companies represent diverse AI applications spanning multiple sectors and technological domains.

Prime Minister's Vision for Indian AI

Modi characterized startups and AI entrepreneurs as the "co-architects of India's future," emphasizing artificial intelligence's transformative potential across sectors. He articulated a distinctive vision for Indian AI development, advocating for models that embody the philosophy of "Made in India, Made for the World."

The Prime Minister outlined specific principles that should guide Indian AI development:

• Ethical foundation: AI models must maintain ethical standards and transparency
• Bias elimination: Systems should be unbiased and fair
• Data privacy: Strong anchoring in data privacy principles
• Inclusive design: Focus on regional languages and local content
• Accessibility: Ensuring AI adoption remains inclusive across diverse populations

Government Support and Global Ambitions

Modi assured participating startups of comprehensive government support for developing and deploying their AI models, encouraging them to pursue global leadership from India. He highlighted India's unique opportunity to champion affordable and frugal AI solutions on the international stage, positioning the country as a provider of cost-effective AI innovations.

Sarvam AI, one of the participating companies, characterized the discussion as focusing on India's opportunity to develop AI as national infrastructure rather than merely a research domain. The startup described it as a pivotal moment where "choices made now begin to matter for everyone."

Meeting Participants and Leadership

The roundtable included representatives from a diverse group of AI startups working across various technological domains:

Union Electronics and IT Minister Ashwini Vaishnaw and Minister of State Jitin Prasada attended the meeting, demonstrating high-level government engagement with the AI startup ecosystem. The session represents a significant step in India's strategy to build indigenous AI capabilities while maintaining ethical standards and promoting inclusive technological development.