What changed in India’s economy under PM Modi — and what reforms are needed next
CNBC-TV18 1d ago·7 Oct 2026, 4:29 pm
Former Chief Economic Adviser K Subramanian has highlighted that India’s economic growth is entering a new phase. He suggests that the next wave of expansion will rely heavily on structural reforms. These changes aim to help manufacturers achieve economies of scale, lower business costs, and improve access to finance. Additionally, he points out that human capital will become increasingly vital as artificial intelligence reshapes the economy.
For these reforms to be successful, political leaders must demonstrate strong conviction and clearly communicate the need for change to the public. This focus on manufacturing and skilled labor is significant for investors as it signals a shift towards sustainable, long-term economic development. It suggests that the government is prioritizing structural changes over short-term stimulus to drive future growth.
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