India, Dec. 28 -- It has been a couple of years since India promised itself to be a Viksit Bharat through an Amrit Kaal. In 2025, these promises crystallised into a series of economic and financial reforms. These policy reforms were foresighted and had ease of doing business and ease of living at its core.

It all started with the Union Budget 2025 when the Government of India announced the Income Tax exemption limit up to Rs 12 lakh per annum. From a short term perspective, it appears to be a sacrifice of lakh crore in tax revenue. However, in real terms it provided a boost in domestic consumption for middle-class families by gain in disposable income. Further, the Income Tax Act, 2025 has reduced the number of Sections by 35 per cent. T...