National retail trade policy nearing finalization by the government
29 December 2023, Mumbai
Trend spotting
Revitalizing Indian Retail: New National Trade Policy Unveiled
Boosting Efficiency: Streamlined licensing, reduced compliance woes, and a national portal simplify retail operations.
Empowering Women: Removing barriers and encouraging full-time participation through flexible and part-time options.
Modernizing Retail: Focus on infrastructure upgrades, skill development, and boosting labor productivity.
Supporting Traders: Providing accident insurance, pension plans, and establishing a national welfare board.
Impact:
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Unified Framework: One strategy replaces diverse state regulations, fostering consistent growth.
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Global Competitiveness: Creates a sustainable environment for Indian retail to thrive.
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Inclusive Growth: Supports both the organized and informal sectors, building a robust retail ecosystem.
The policy, in its final stages, holds immense potential to revitalize the Indian retail landscape.
