As 2025 bids farewell, Prime Minister Narendra Modi on Tuesday hailed it as “The Year of Reforms”, saying that India has boarded the “Reform Express” on its journey towards building a prosperous and self-reliant India.
In an article published on LinkedIn, Modi said that India has emerged as the centre of global attention due to the innovative zeal of our people.
“Today, the world sees India with hope and confidence. They appreciate the manner in which the pace of progress has been accelerated with next-generation reforms, which are cross-sectoral and amplify the nation’s growth potential,” he said.
Highlighting his government’s reform push in the past year, Modi wrote that 2025 will be remembered as a year for India as the country 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.”
From GST reforms to new Labour Laws, VB-G Ram G scheme and more
The Prime Minister cited various examples, including GST reforms, Income Tax relief to middile class, new Labour Laws, 100 per cent FDI in Insurance and more.
On GST reforms, Modi said that a clean two-slab structure of 5 per cent and 18 per cent was implemented to ease the burden 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,” he said.
On Income tax reforms, Modi noted that individuals earning up to Rs. 12 lakh a year faced no income tax at all. He said that the Obsolete Income Tax Act of 1961 was replaced with the modern and simple Income Tax Act, 2025, marking India’s move towards a transparent, technology-driven tax administration.
He also highlighted his government’s measures to boost small medium businesses, including expanding of the definition of “small companies” to include firms with turnovers up to Rs. 100 crore. This, he said, would reduce the compliance burdens and associated costs for thousands of companies.
He said that his government’s decision to allow 100 per cent FDI in Indian insurance companies 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,” the PM added.
He also noted the Securities Market Code Bill that was introduced in Parliament to enhance governance norms in SEBI, as well as investor protection and enable a technology-driven securities market for a Viksit Bharat.
In a single Parliament session, Modi said that 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,” he noted.
“Hundreds of outdated laws have been scrapped. 71 Acts have been repealed through the Repealing and Amendment Bill, 2025. 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,” he continued.
This, the Prime Minister asserted, will increase India’s share of apparel exports, lower production costs in diverse industries like footwear, automobiles, ensure lower prices for domestic consumers for electronics, bicycles and automotive products.
He further stated that labour laws were 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.”
He also emphasised the trade deals inked with New Zealand, Oman and Britain, saying these agreements 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,” he remarked.
The Prime Minister also highlighted the controversial Viksit Bharat- G RAM G Act, 2025 Rozgar Guarantee scheme which replaced the UPA-era MGNREGA. He said that under the G Ram G Act, employment guarantee was raised 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,” the PM said.
In the article, PM Modi claimed that his government has prioritised collaboration over control and facilitation over regulation in the true spirit of a modern democracy.
“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,” he said, urging everyone in India and abroad to “deepen their bond with the India growth story.”