India's Reform Wave

India is witnessing a wave of reforms aimed at improving its business environment and fostering growth in various sectors. The concept of competitive federalism is driving states to lead the next reform wave, with the ease of doing business in India being a key focus area.
- Key reforms include policy reforms for Coast Guard personnel, funding for deep-tech startups, and historic reforms like the 1991 liberalisation.
- Recent initiatives such as the formation of a panel to reform competitive exams and state backing for chips, AI, and space are reshaping India's VC map.
- The space-tech ecosystem is surging, with startups raising significant funds, and the deep-tech sector is also witnessing growth, with startups like Yaanendriya raising institutional venture capital.
- The government is also taking steps to promote gender equality in the Coast Guard and to build community hubs for gig workers in India.