Quick Summary
Chief Economic Advisor (CEA) V Anantha Nageswaran on November 28, 2025, said that India's ongoing structural reforms, ranging from labour law modernisation to GST rate rationalisation and the new personal income tax regime, are significantly boosting the country's efficiency and global competitiveness. Speaking at a media briefing after the release of the July-September Quarterly GDP Estimates, the CEA noted that strong macroeconomic fundamentals, stable inflation and sustained public capital e
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FAQ :
Key reforms include labour law modernisation, GST rate rationalisation, and a new personal income tax regime.
GST reforms are contributing to accelerated economic activity, with GST collections growing by 9% from April to October 2025, reflecting strong consumption and improved tax compliance.
India's real GDP grew by 8.0% in the first half of FY26, significantly higher than 6.1% in the same period last year. Nominal GDP grew 8.7% in the September 2025 quarter.
Resilience is attributed to strong macroeconomic fundamentals, stable inflation, sustained public capital expenditure, and timely Rabi sowing leading to stable food prices.
Improving prices and tax reforms are expected to boost household disposable incomes, while healthy corporate balance sheets should support private sector investment.
Sustained growth of around 8% at constant prices over the next decade or more is needed to achieve the vision of Viksit Bharat by 2047.
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