India's Reform Momentum: PM Modi Unveils Deregulation Push Amid Global Leadership Bid

Prime Minister Narendra Modi announced transformative reforms at the ET Now Global Business Summit 2025, declaring India’s emergence as a key player in global economic discussions. With India now among the top five economies, Modi outlined plans to establish a Deregulation Commission to minimize state interference and accelerate growth. Reforms since 2014 have lifted 25 crore Indians out of poverty, expanded tax exemptions (₹7L to ₹12L), and opened sectors like space and nuclear energy to private investment. Modi emphasized reforms driven by "conviction, not compulsion," citing India’s leadership in global forums like the AI Action Summit and the newly launched U.S.-India COMPACT partnership. The PM also confirmed plans to host the Quad Summit in New Delhi, further cementing India’s geopolitical influence.
Sources: ET Now, ANI News, DD News, U.S.-India Joint Statement