BS EDIT: Reforms for Growth

By Business StandardPublished On Aug 18, 2025

The Big Picture

PM Modi’s Independence Day address outlined reforms aimed at boosting economic growth, strengthening security, and shaping India’s future

Next-Generation Reforms

A new task force will review economic rules and procedures, seeking to remove bottlenecks and align regulations with 21st-century needs

GST Simplification

The government plans a simpler GST structure with fewer slabs, making compliance easier and resolving long-standing classification disputes

Macroeconomic Stability

Sustained fiscal discipline and prudent spending have strengthened India’s economic credibility, earning a sovereign rating upgrade after 18 years

Trade and Farmers’ Interests

Trade tensions with the US pose risks, but India’s firm stance on protecting farmers remains vital for livelihoods and inclusive growth

Security and Demography

Mission Sudarshan Chakra and a new demography initiative reflect India’s push for stronger defence and secure borders without harming citizens