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:

• Unified Framework: One strategy replaces diverse state regulations, fostering consistent growth.

• Global Competitiveness: Creates a sustainable environment for Indian retail to thrive.

• 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.

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