NITI Aayog CEO Signals New Wave of Reforms Before Diwali

The CEO of NITI Aayog has indicated that India could see another round of next-generation reforms before Diwali. The move follows the earlier implementation of GST 2.0 and is expected to build on the ongoing efforts to strengthen India’s trade and manufacturing ecosystem. 

The CEO confirmed that a committee led by a senior official has already submitted its initial reports outlining potential measures to accelerate economic reforms under the Viksit Bharat goals.

Focus on Boosting Trade and Manufacturing

While launching the “Trade Watch Quarterly” report for Q4FY25, the NITI Aayog CEO highlighted that India’s trade performance remained stable, with total trade reaching $441 billion during the quarter, marking a 2.2% rise year-on-year. 

Despite a slight decline in mineral fuels and organic chemicals exports, sectors such as electrical machinery, pharmaceuticals, and cereals showed encouraging growth. Imports, too, saw a mild uptick, supported by demand for nuclear reactors, electrical machinery, and inorganic chemicals.

National Manufacturing Policy on the Horizon

The CEO pointed out that India continues to face challenges in manufacturing intermediates and stressed that the upcoming National Manufacturing Policy (NMP) would aim to bridge these gaps. The policy is expected to promote industrial clusters and develop a globally competitive ecosystem for trade and manufacturing. 

The focus will be on encouraging greater integration across value chains and enhancing the quality and scale of domestic production.

Strengthening India–US Trade Relations

The NITI Aayog CEO expressed optimism that India and the United States could finalise a trade agreement before November to prevent any adverse effects from potential tariff actions. The two countries have been in discussions to reduce reciprocal tariffs and remove the additional duties imposed on Indian exports. 

The US continues to be India’s largest trading partner for the fourth consecutive year, with bilateral trade valued at $131.84 billion in FY25. North America accounted for a quarter of India’s exports, recording a 25% increase, while exports to regions such as the EU, GCC, and ASEAN moderated.

Opportunities and Challenges Ahead

India remains competitive in select sectors such as processed leather and niche apparel, though its global market share remains limited. With international demand shifting towards sustainable and non-leather products, Indian manufacturers have both opportunities and challenges ahead. 

The upcoming reform measures and manufacturing policy are likely to play a critical role in improving India’s competitiveness and expanding its export base.

Read more:FADA Releases September 2025 Auto Sales Data: GST Reforms Fuel Festive Momentum

Conclusion

The indications from NITI Aayog suggest that India is entering a phase of policy transformation aimed at driving long-term competitiveness and trade balance. As the festive season approaches, the focus on reform, manufacturing, and international trade could set the stage for the next phase of India’s economic journey.

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