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Story perspectives

Modi Unveils Trade Deals and Record Defense Budget

2/16/2026

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Story summary
  • On February 15, 2026, Prime Minister Narendra Modi announced trade agreements with the European Union and United States to boost market access.
  • He highlighted Micro Small and Medium Enterprises and urged them to become technologically advanced and export-oriented.
  • The Union Budget for 2026-2027 aims for systemic transformation.
  • It includes a record defense allocation of INR7.85 lakh crore.
  • Modi urged the private sector to leverage government investments for growth.