Narendra Modi Highlights Major Economic and Governance Transformations Powering India’s Reform Express

Advertisment

Prime Minister Narendra Modi recently shared a powerful message about the future of India. He described 2025 as a historic year for the nation's economic growth. The country has now officially boarded the "Reform Express" to drive progress. This journey relies on the energy and talent of the young generation. Global investors now view India with more trust and confidence than ever before. Next-generation reforms focus on modernizing outdated institutions and simplifying everyday life.

Accelerating the Reform Express Through People-Led Innovation

The Indian government aims to empower every citizen to live with dignity. "The primary engine of this Reform Express is India's demography, our young generation, and the indomitable spirit of our people," stated PM Modi. Innovation is now a national mission rather than a slow process. Entrepreneurs are finding it easier to start and grow new businesses.

Most reports focus only on economic data and growth numbers. However, a deeper look shows a massive psychological shift in the middle class. The state is moving from a strict regulator to a silent facilitator. This creates a new "governance of trust" across the whole country.

Advertisment

Major Policy Shifts: From GST 2.0 to the Income Tax Act 2025

The fiscal space transformed with the launch of the new GST 2.0 system. A simple two-slab structure replaced the old and complex tax rates. This change is helping small businesses and farmers manage their costs better. 

The historic Income Tax Act 2025 replaced a very old law from 1961. It removed thousands of confusing amendments to make the rules clear. Middle-class taxpayers received huge relief under this new tax system. People earning up to Rs. 12 lakh per year now pay no income tax. These bold steps led to record-breaking sales during the festive season.

Replacing the 1961 Act is actually a form of linguistic decolonization for India. The government is removing archaic terms that confuse the average citizen. It aligns the legal calendar with the reality of the common man. Overall, the "One Tax Year" concept helped bridge the gap between complex accounting and layman's understanding.

Advertisment