India fast-tracks key economic reforms to counter US tariffs and boost growth
The Union government has fast-tracked a set of economic reforms aimed at insulating India from rising US tariffs and strengthening long-term growth prospects.[1] Parliament has passed bills to open the nuclear energy sector to private companies and to allow 100% foreign ownership in insurance firms, signaling a major shift in regulated sectors.[1] The finance minister has also proposed unifying multiple securities market laws into a single code to modernize regulation and improve investor participation.[1] Alongside, the government has cut select consumption taxes and overhauled labor codes to improve the ease of doing business and attract investment.[1] The Adani Group is planning a commercial nuclear energy project that will leverage the new policy space created in the nuclear sector.[1] Trade talks, including a new free trade agreement with Oman, have been accelerated to diversify export markets and offset losses from higher US tariffs.[1] Economists currently project India’s GDP growth at around 6.9% for 2026, but estimate that sustained growth of about 8% is needed to achieve developed-country status by 2047.[1] The latest Parliament session has been one of the most productive in recent years, with eight key bills passed and significantly higher legislative hours than the previous year.[1]
प्रश्न हल करें
Which sector has recently been opened to private companies under new reforms passed by Parliament?
उत्तर: (b) Commercial nuclear energy
The correct answer is (b) Commercial nuclear energy.