In 2025, India underwent significant economic reforms led by Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and the implementation of four new Labour Codes. Sitharaman focused on tax simplification with GST 2.0 and income tax cuts, aiming to boost disposable income and institutional trust. Goyal pursued high-value trade pacts to enhance global integration and manufacturing. The Labour Codes aimed to modernize regulations, empower the workforce, and support a manufacturing-led economy.