India's 2025 Economic Leap: Sitharaman, Goyal, Mandaviya Drive Transformative Reforms

• Finance Minister Nirmala Sitharaman led a "fiscal reset" with GST 2.0 and a new Income-Tax Act, boosting disposable income and institutional trust.
• Commerce Minister Piyush Goyal accelerated global integration via UK-CETA, EFTA, and other trade pacts, positioning India as a manufacturing hub.
• Labour Minister Mansukh Mandaviya implemented four new Labour Codes, replacing 29 laws, eliminating "inspector raj" and fostering a worker-centric ecosystem.
• Key reforms include GST rate rationalization, higher tax-free threshold (Rs 12 lakh), duty-free access for exports, and improved social security coverage (64.3%).
• These structural changes aim for a modernized, manufacturing and export-led economy with a dignified, flexible, and inclusive workforce.

Why It Matters: India's 2025 reforms by Sitharaman, Goyal, and Mandaviya propelled a major economic and labor transformation.