PM Modi: India on 'Reform Express' with Landmark 2025 Policy Changes

• PM Modi declared 2025 as the year India "boarded the Reform Express," highlighting major policy changes across sectors to boost growth and build a Viksit Bharat.
• Key tax reforms include a simplified two-slab GST (5% & 18%) and no income tax for individuals earning up to Rs 12 lakh, replacing the 1961 Income-tax Act.
• Business reforms expanded small company definition (up to Rs 100 crore turnover), allowed 100% FDI in insurance, and introduced the Securities Market Code Bill.
• Ease of doing business was boosted by scrapping hundreds of outdated laws, repealing 71 Acts, and revoking/suspending 75 Quality Control Orders.
• Historic labour reforms merged 29 laws into four codes, ensuring worker protection, fair wages, and social security, alongside new trade deals and rural employment guarantees.

Why It Matters: 2025 marked a year of continuous, comprehensive reforms across India, driving growth and aiming for a Viksit Bharat.