2025 to be remembered as the year of reforms for India: PM Modi

/ 4 min read

Modi highlighted that the world appreciates the manner in which the pace of progress has been accelerated with next-generation reforms in India

PM said that today, the world sees India with hope and confidence. According to him, this is due to “The innovative zeal of our (Indian) people.”
PM said that today, the world sees India with hope and confidence. According to him, this is due to “The innovative zeal of our (Indian) people.” | Credits: PIB

Prime Minister Narendra Modi said that India has emerged as the center of global attention in 2025 due to its next generation reforms and growth potential. 

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In a detailed post on Linkedin, PM said, “2025 will be remembered as a year for India when it focused on reforms as a continuous national mission, building on the ground covered over the past 11 years. We modernised institutions, simplified governance, and strengthened the foundations for long-term, inclusive growth.

He said that today, the world sees India with hope and confidence. According to him, this is due to “The innovative zeal of our (Indian) people.”

He further highlighted that the world appreciates the manner in which the pace of progress has been accelerated with next-generation reforms (in India), which are cross-sectoral and amplify the nation’s growth potential.

“I have been telling many people that India has boarded the Reform Express. The primary engine of this Reform Express is India’s demography, our young generation and the indomitable spirit of our people,” PM wrote.

The Prime Minister also cites a few examples of the reforms undertaken by his government:

 GST reform:

A clean two-slab structure of 5 percent and 18 percent has been implemented. The burden has been eased on households, MSMEs, farmers and labour-intensive sectors. The purpose is to ensure dispute reduction and better compliance. This reform has boosted consumer sentiment and demand. Sales have grown in the festive season.

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Unparalleled relief for the middle class:

In a first, individuals earning up to Rs. 12 lakh a year faced no income tax at all. The obsolete Income-tax Act of 1961 has been replaced with the modern and simple Income Tax Act, 2025. Together, these reforms mark India’s move towards a transparent, technology-driven tax administration.

Boost to small and medium businesses:

The definition of “small companies” has been expanded to include firms with turnovers up to Rs. 100 crore. Compliance burdens and associated costs for thousands of companies will get reduced.

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100 percent FDI insurance reform:

100 percent FDI has been permitted in Indian insurance companies. This will give a fillip to insurance penetration and security for the people. Apart from enhanced competition, it would offer better insurance choices and improved service delivery for the people.

Securities Market Reform:

The Securities Market Code Bill has been introduced in Parliament. It will enhance governance norms in SEBI, also enhance investor protection, reduce compliance burden and enable a technology-driven securities market for a Viksit Bharat. The reforms will ensure savings thanks to reduced compliances and other overheads.

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Maritime and Blue Economy Reforms:

In a single Parliament session, the Monsoon Session, five landmark maritime legislations were passed: the Bills of Lading Act, 2025; the Carriage of Goods by Sea Bill, 2025; the Coastal Shipping Bill, 2025; the Merchant Shipping Bill, 2025; and the Indian Ports Bill, 2025. These reforms simplify documentation, make dispute resolution easier and reduce logistics costs. Outdated Acts dating back to 1908, 1925 and 1958 have also been replaced.

Jan Vishwas – Ending the era of criminalisation:

Hundreds of outdated laws have been scrapped. 71 Acts have been repealed through the Repealing and Amendment Bill, 2025.

Boosting ease of doing business:

A total of 22 QCOs were revoked across synthetic fibres, yarns, plastics, polymers and base metals, while 53 QCOs were suspended in various steel, engineered, electrical, alloy and consumer end product categories, covering a broad spectrum of industrial and consumer materials. This will increase India’s share of apparel exports; lower production costs in diverse industries like footwear and automobiles; ensure lower prices for domestic consumers for electronics, bicycles and automotive products.

Historic labour reforms:

Labour laws have been reshaped, merging 29 fragmented laws into four modern codes. India has created a labour framework that secures the interests of workers while boosting the business ecosystem. The reforms focus on fair wages, timely payment of wages, smoother industrial relations, social security and safer workplaces. They ensure greater female participation in the workforce. Unorganised workers including contract workers are brought under the ESIC and EPFO expanding the coverage of formal workforce.

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Diversified and expanded markets for Indian products:

Trade deals inked with New Zealand, Oman and Britain will add to investments, boost job creation and also encourage local entrepreneurs. They reinforce India’s position as a trusted and competitive partner in the global economy. The FTA with the European Free Trade Association comprising Switzerland, Norway, Iceland and Liechtenstein has been operationalised. This marks India’s first FTA with developed European economies.

Nuclear Energy Reforms:

The SHANTI Act is a transformational step in India’s clean-energy and technology journey. It ensures a strong framework for the safe, secure and responsible expansion of nuclear science and technology. It enables India to meet the rising energy demands of the AI era, like powering data centres, advanced manufacturing, green hydrogen and high-technology industries. It promotes the peaceful application of nuclear technologies in healthcare, agriculture, food security, water management, industry, research and environmental sustainability, supporting inclusive growth and improved quality of life. It opens new pathways for private sector participation, innovation and skill development and creates opportunities for India’s youth to lead in frontier technologies and next-generation energy solutions.

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A Landmark reform in Rural Employment Guarantee:

The Viksit Bharat-G RAM G Act, 2025 Rozgar Guarantee framework raises employment guarantee from 100 to 125 days. This will result in increased spending towards strengthening village infrastructure and livelihoods. The aim is to turn rural work into a means to ensure higher incomes and better assets.

Education Reforms:

A Bill has been introduced in Parliament. A single, unified higher education regulator will be established. Multiple overlapping bodies like the UGC, AICTE and NCTE will be replaced with the Viksit Bharat Shiksha Adhishthan. Institutional autonomy will be strengthened, with innovation and research boosted.

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“These reforms are aimed towards building a prosperous and self-reliant India. Building a Viksit Bharat is the polestar of our development trajectory. We will continue pursuing the reform agenda in the coming years,” Modi said.

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