Prime Minister Modi Announces Deregulation Commission to Boost Business
After returning from his recent visits to France and the United States, Prime Minister Narendra Modi revealed plans to set up a deregulation commission aimed at decreasing government interference in various sectors. This initiative is part of the Union government’s efforts to promote a more favorable environment for businesses. During his speech at the ET Now Global Business Summit 2025, Modi emphasized that the reforms his administration is implementing are based on confidence rather than the previous governments’ compelled actions.
Over the last ten years, the National Democratic Alliance (NDA) government has shifted the mindset from viewing business with apprehension to creating an environment that encourages it, according to Modi. He highlighted significant changes, such as the introduction of the Goods and Services Tax (GST), which has simplified many compliance requirements. The government is now working on Jan Vishwas 2.0, a revised version of a previous act intended to eliminate outdated regulations that limit business growth.
Modi stressed the importance of limiting government involvement in society and stated that the upcoming deregulation commission will help achieve this goal. He expressed his commitment to high-speed progress during his government’s current term.
He also expressed gratitude to the citizens of Odisha, Maharashtra, Haryana, and New Delhi, praising their support for the Bharatiya Janata Party (BJP) and its allies in recent elections. Modi noted that faith in India has never been stronger, a sentiment echoed during the recent Artificial Intelligence (AI) Summit in Paris. He asserted that India is at the forefront of global discussions about the future.
The Prime Minister also spoke about other reform initiatives, including the Svamitva Yojana, which uses drone technology to survey land, resulting in property cards being issued to over 22.5 million individuals across more than 300,000 villages. Modi noted that these changes have significantly increased property values, unlocking about ₹100 lakh crore in rural assets, which past administrations hesitated to tackle.
Criticizing the Congress-led UPA government for its slow pace on reforms, Modi stated that the BJP’s reign, beginning in 2014, ushered in a new era of rapid reform. He ridiculed the previous government’s dual reputation for slow development and corruption, questioning what the country would look like had the Congress continued in power.
Furthermore, Modi pointed out the prevailing mindset in India, where discussions about positive topics are often discouraged. He stated that discussing uplifting subjects is essential for a healthy democracy and that society should move away from negativity that can stifle positive engagement.
Thanks to substantial reforms enacted over the past decade, Modi declared that India has become the fifth-largest economy in the world and is on track to become the third largest in the near future. He maintained that the current drive for reforms is based on conviction and a desire to create meaningful change, contrasting it with earlier governments that only acted under pressure. Finally, Modi mentioned ongoing efforts to tackle longstanding issues, such as delays in delivering justice, which he believes are finally seeing progress through new judicial reforms.
