Parliament has enacted sweeping financial reforms, including 100% foreign ownership in insurance and pension firms, to boost domestic investment amidst global trade tensions. These changes aim to lower costs for consumers, improve product offerings, and channel capital into India's growth story, promising a more competitive and efficient financial landscape.
EAM S Jaishankar has pointed towards a significant shift in the global economic and political hierarchy, reflecting upon India's advantage in human resources as developed nations face demographic challenges. He emphasized that India is becoming a driver of the global workforce, creating new responsibilities for governments in managing cross-border mobility and citizen welfare.
