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analysisICRIERThursday, 23 July 2026

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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.

Key Facts

TypeAnalysis
SourceICRIER
PublishedThursday, 23 July 2026
Affected Population1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Merchandise exports: $437 billion (2024-25)

Key Authorities

Ministry of FinanceRBISEBIDEAMinistry of Commerce & Industry

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsExportersImportersMSMEs

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

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