Archive · 30 Dec 2025
PM Modi Pushes Mission-Mode Reforms
Prime Minister Narendra Modi met with a group of economists and experts at NITI Aayog to discuss plans for the Union Budget for 2026-27.
The main topic was how to make India a developed nation by 2047.
Modi talked about the need for big changes in different areas to keep the country growing.
He said India should be a important place for workers and businesses around the world.
The economists shared ideas on how to make India's industries and services better.
They talked about using new technologies like Artificial Intelligence and improving infrastructure.
Modi also mentioned that 2025 was a big year for reforms in India, with changes in taxes, business rules, and labour laws.
The goal is to make India's economy stronger and more competitive globally.
The government also announced that India has become the world's fourth-largest economy, overtaking Japan, and is on track to become the third-largest by 2030.
Prime Minister Narendra Modi met with economists to discuss the budget strategy for 2026-27, focusing on mission-mode reforms for long-term growth.
The theme of the meeting was 'Aatmanirbharta and Structural Transformation: Agenda for Viksit Bharat', aiming to make India a developed nation by 2047.
Modi emphasized the need for global integration and ensuring India remains a vital hub for the global workforce and international markets.
Economists shared insights on improving productivity and competitiveness, focusing on higher household savings, robust infrastructure, and adoption of cutting-edge technologies.
The government highlighted significant reforms in 2025, including changes in GST, income tax, labour laws, and FDI in the insurance sector, aimed at simplifying governance and boosting economic growth.
- Who
- Prime Minister Narendra Modi and eminent economists
- What
- Discussion on mission-mode reforms and budget strategy for 2026-27
- When
- December 30, 2025
- Where
- NITI Aayog, New Delhi
- Why
- To shape the budget for 2026-27 and discuss long-term growth and structural transformation
Government Perspective
Economists' Perspective
Reform Focus
Government Perspective
The government emphasizes reforms aimed at long-term growth, global integration, and structural transformation to achieve the vision of a developed India by 2047.
Economists' Perspective
Economists highlight the need for sustained long-term growth, productivity, and competitiveness across manufacturing and services sectors.
Implementation Strategy
Government Perspective
The government focuses on mission-mode reforms, institutional capacity, and infrastructure planning to meet societal aspirations.
Economists' Perspective
Economists stress the importance of higher household savings, robust infrastructure, and adoption of cutting-edge technologies for structural transformation.
- Meeting Theme
- Aatmanirbharta and Structural Transformation: Agenda for Viksit Bharat
- Key Reforms in 2025
- GST, Income Tax, Labour Laws, FDI in Insurance, Maritime Reforms, Rural Employment
- GDP Growth
- 8.2% in Q2 2025-26
- Projected GDP by 2030
- $7.3 trillion
- Global Economic Rank
- 4th largest economy as of 2025
- Economists Involved
- Shankar Acharya, Ashok Bhattacharya, N R Bhanumurthy, Amita Batra, Janmejaya Sinha, Amit Chandra, Rajani Sinha, Dinesh Kanabar, Basanta Pradhan, Madan Sabnavis, Ashima Goyal, Dharmakirti Joshi, Umakant Dash, Pinaki Chakraborty, Indranil Sen Gupta, Samiran Chakraborty, Abhiman Das, Rahul Bajoria, Monika Halan, Siddhartha Sanyal
Sources
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