Overview
- Prime Minister Narendra Modi said the reform trajectory will continue with greater vigour to enhance ease of living, responding to an official MyGovIndia summary of changes in 2025.
- Tax changes included the new Income Tax Act, 2025 and zero tax on income up to ₹12 lakh, alongside a simplified two-slab GST at 5% and 18% that officials linked to record Diwali sales of ₹6.05 trillion.
- Four labour codes came into force replacing 29 laws, expanding social-security coverage, clarifying worker rights, enabling women’s night shifts with safeguards, and cutting factory compliance burdens.
- Strategic openings advanced with 100% FDI allowed in insurance and the SHANTI Bill enabling private and foreign participation in select civilian nuclear projects while retaining state control over strategic functions.
- Macroeconomic data showed 8.2% GDP growth in July–September, multi‑year low inflation with RBI rate cuts, and a busy IPO market, as the government signalled outcome-focused implementation and further deregulatory steps in 2026.