Modi Govt Economic Reforms: Modi Govt’s ‘Masterstroke’ of Reforms; Record growth of 27 percent in number of new businesses in India

• ‘Masterstroke’ of Modi government’s reforms
• Record growth of 27 percent in number of new businesses in India
• It has become a center of attraction for global investment

Central Government The positive effects of the bold economic and policy reforms implemented over the past few years are now visible at the ground level. Entrepreneurship in the country has received a major boost with a huge increase of 27 percent in the registration of new businesses. According to government statistics, India Now rapidly emerging as a major ‘business hub’ of the world.

Registration of more than two lakh new businesses in 10 months

According to an official ‘fact sheet’ released on Thursday, 1.98 lakh new businesses have been registered in the country in the first 10 months (up to February 3, 2026) of the current financial year (2025-26). In 2022-21, this figure was 1.55 lakh. This growth in the number of businesses in just five years is a testament to the strength of the Indian economy.

Budget Provisions and ‘Ease of Doing Business’

In the Union Budget 2026-27, the government has laid special emphasis on digital trade facilitation, clarity in the tax system and reduction of legal complexities. Investor-friendly tax regime and trust-based ‘customs’ system have boosted the confidence of entrepreneurs in the government.

Key Aspects of Government Policies:

Digital Credit Assessment: Access to loans has been made easier by the use of technology.

Public Trust Act: Increased transparency in business by abolishing oppressive regulations.

IBC: Modernization of Insolvency Rules.

Middle East War : Energy crisis for India! Iranian attack in Qatar disrupts LNG supplies; Prices are likely to double

World’s Largest ‘Startup Ecosystem’

As of February 2026, there are over 2.16 lakh DPIIT-accredited startups operating in India. With this, India is firmly positioned as one of the largest startup ecosystems in the world. Regulatory reforms for startups since 2016 have made raising capital easier and reduced the administrative burden.

Rural entrepreneurship and technological innovation

Not limited to cities, the Modi government’s initiatives have also boosted rural entrepreneurship and academic research. Schemes like ‘Startup India’ and ‘Credit Guarantee’ have ensured regional inclusiveness, resulting in new industries springing up from all corners of the country.

A global investment hub

India has now become one of the most attractive places in the world not only to invest, but also to do business. Encouraging entrepreneurship, facilitating financing and modernizing the regulatory framework are central to India’s reformist development strategy. These measures have not only increased ease of doing business, but also accelerated the development of Small and Medium Enterprises (MSME). Overall, all these reforms are positioning India as a globally competitive trading hub and prime investment destination.

Mumbai Real Estate: Demand for large houses in Mumbai increases; Buyers trend towards houses costing more than 5 crores