India is reportedly embracing a new wave of economic reforms in 2025, driven by external geopolitical and geoeconomic shocks, particularly those related to 'Trumpnomics.' These reforms, including changes to labor laws and customs duties, are described as politically sensitive and long-pending. Prime Minister Narendra Modi stated that India has 'boarded the Reform Express,' emphasizing the role of the nation's youth and demography in driving this initiative. The finance minister indicated further reforms in the upcoming Union Budget.