World sees India with hope and confidence, says PM Modi highlighting reform initiatives

Key Points

1. India focused on reforms as a continuous national mission in 2025.
2. GST implemented with a two-slab structure of 5% and 18%.
3. Individuals earning up to ₹12 lakh a year faced no income tax.
4. The Obsolete Income-tax Act of 1961 has been replaced with the modern and simple Income Tax Act, 2025.
5. Definition of 'small companies' expanded to include firms with turnovers up to ₹100 crore.
6. 100% FDI allowed in Indian insurance companies.
7. Five landmark maritime legislations were passed in a single Parliament session.
8. 29 fragmented laws merged into four modern labour codes.
9. Viksit Bharat-G RAM G Act, 2025 increased rural employment guarantee from 100 to 125 days.