Prime Minister Modi Calls on Industry to Boost Investment and Increase R&D Spending

On March 3, 2026, Prime Minister Narendra Modi addressed a budget webinar for the fiscal year 2026-27, urging the industry to ramp up investment, embrace emerging technologies, and allocate more resources to research and development. He underscored the importance of quality, highlighting that free trade agreements have created fresh export opportunities and positioned India to become a global manufacturing partner. The address serves as a policy directive aimed at strengthening the technology and manufacturing sectors, which is expected to indirectly benefit the software industry by fostering greater R&D and technological adoption.