Union Government Adopts 3-Pronged Approach to Spur Internal Trade (Download PDF)

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Union Government adopts a three- pronged approach to reinvigorate domestic retail and wholesale trade. This three-pronged policy approach will address the need of several small businesses.

Three Pronged Approach

Image of Pronged Approach

Image of Pronged Approach

Image of Pronged Approach

Need for New approach:

  • Domestic trade mostly comprises of non-corporate small businesses, which are providing employment to an estimated 460 million people.
  • No single regulatory body or Ministry for such six crore small businesses in the India.
  • Small businesses have collective annual turnover about Rs. 30 lakh crore.
  • Current policy of governance and the environment are good only for foreign retail giants and their Indian partners or counterparts.
  • Objective to link Central Government’s flagship initiatives with these small businesses:

    • Digital India
    • Skill India
    • Make In India

    Purpose of new approach:

Image of Purpose of new approach

Image of Purpose of New Approach

Image of Purpose of new approach

- Published/Last Modified on: October 13, 2016

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