India Boosts Economic Reforms, Extends Welfare Schemes, and Advances Digital Innovation
December 21, 2025
In the last 24 hours, the Indian government has accelerated significant economic reforms, including opening up the nuclear sector to private investment and allowing full foreign ownership in insurance, alongside a new free trade pact with Oman. Concurrently, major welfare initiatives like the PM SVANidhi scheme for street vendors have been extended and enhanced, while the PM-POSHAN scheme continues to deliver nutritional support. The Technology Incubation and Development of Entrepreneurs (TIDE 2.0) scheme has successfully supported over 1,700 startups, showcasing a strong push in science and technology. Amidst these developments, a political discussion arose over the renaming of a state-level employment scheme in West Bengal in response to changes in the central rural employment guarantee act.