India's Reform

India has been undertaking various reforms to improve its business ecosystem, including the *reform*-led growth and digital transformation showcased at the WTO Trade Policy Review. The country has also proposed sweeping changes to foreign investment rules, including capping gift remittances to near relatives and reforming Fema. Additionally, the government has eased certification requirements for distributors of Specialized Investment Funds, allowing them to sell mutual funds as well. The government's PLI schemes have also led to investments of over 2.40 trillion until March 2026. Some of the key reforms include:
- India's trade policy under WTO review, with members seeking clarity on GST and digital reforms
- The proposed CLAT reforms 2026, which aim to improve the law education system in India
- The CURE Bill, 2026, which is a major urban governance reform in Hyderabad
- The state's ranking in NITI Aayog's IFI, which is a milestone for Odias
- AI startup Ema is in talks to raise 80 million from Creaegis and others, indicating a growing trend of startup funding in India
- The RBI draft caps gift remittances to near relatives and reforms Fema, which is expected to have a significant impact on the economy