Chicago – December 22, 2025
Prime Minister Narendra Modi’s government pushed through far-reaching policy reforms in the final parliamentary session of the year, seeking to bolster the economy in the face of trade headwinds.
In one of its most active winter sittings in recent years, the Parliament approved bills to open the nuclear industry to private firms and allow full foreign ownership of insurance companies. The finance minister also tabled a proposal to unify India’s securities market laws under a single code, modernizing the framework to encourage more market participation.
Together, these steps could unlock hundreds of billions of dollars in investments and advance Modi’s ambition of turning India into a developed nation in the next two decades. The Adani Group, founded by Asia’s second-richest man Gautam Adani, is already taking advantage of the changes with plans to build a commercial nuclear energy project in one of India’s northern states, News reported.
After a sluggish start to the year, the Modi government has moved decisively over the past four months, cutting consumption taxes and implementing overhauled labor codes — policy changes that businesses have long sought. It has simultaneously accelerated trade talks with several partners, including the European Union, to help offset US President Donald Trump’s 50% tariffs. On Thursday, New Delhi inked a free trade pact with Oman, its second of the year after one with the UK.
The latest measures represent a clear escalation of Modi’s economic reform agenda after months of being bogged down by foreign policy challenges, including an armed clash with Pakistan in May and protracted trade negotiations with the US.
