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Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Central Act enacted 1997-05-28. Full text on India Code (indiacode.nic.in).
Key Facts
TypeAct
SourceIndia Code (Historical)
PublishedWednesday, 28 May 1997
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
4 Labour Codes consolidating 29 laws
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Labour & Employment
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