India Boosts Semiconductor Manufacturing, Enacts Key Legislative Reforms, and Strengthens International Ties

August 13, 2025

In a significant push for self-reliance and economic growth, the Union Cabinet has approved substantial investments in semiconductor manufacturing. Parliament has enacted crucial legislative changes, including a new Income Tax Bill and amendments to the Insolvency and Bankruptcy Code. Economically, India maintains a positive outlook with controlled inflation and a stable repo rate. On the international front, India's diplomatic engagements have seen improved relations with China, enhanced strategic partnerships with Uzbekistan, and ongoing disarmament dialogues with Australia. These developments underscore India's focus on domestic industrial growth, policy modernization, and strategic global positioning.