New Delhi, Dec. 14 -- India's strong GDP performance, kept up even in a period of global uncertainty, reflects structural strength built through consistent policy reform. As the country moves towards becoming the world's third-largest economy, the key challenge is not the pace of growth, but ensuring that this momentum is sustainable, productivity-driven and inclusive.

In this context, the next major frontier for India's economic transformation lies in accelerating factor market reforms.

Significant progress has already been achieved. The implementation of GST 2.0 marks a major milestone in India's indirect tax architecture. Rationalization of slabs, correction of inverted duty regimes and simplified technology-enabled compliance are re...