Modi Highlights Decade of Bold Economic Reforms

08 Sep 2025 CW Team

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.

Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.

He welcomed the ongoing #NextGenGST reforms as a continuation of this journey, aimed at simplifying the tax framework, rationalising rates, and ensuring greater fairness in the system. According to the Prime Minister, these measures are helping to create a more equitable and growth-oriented tax environment.

Modi also credited India’s strong fiscal discipline with earning international confidence, contributing to improved sovereign credit ratings. This fiscal prudence, he said, underpins the trust of global investors and institutions in India’s economic stability.

In response to a post by Shri Vijay on X (formerly Twitter), the Prime Minister stated:

“The last decade has been about bold reforms aimed at transforming India’s economic landscape, from corporate tax cuts that spurred investment, to GST creating a unified market, to personal income tax reforms enhancing Ease of Living.

The #NextGenGST Reforms continue this journey, making the system simpler, fairer and more growth-oriented, while our fiscal discipline has earned global confidence and better credit ratings.

With these efforts, we are laying a strong foundation for a Viksit Bharat.”

Modi’s remarks position the current reforms not only as incremental improvements, but as part of a broader vision to build a developed and self-reliant India.

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