The Commerce Department has set up a Think Tank on Framework for National Policy and a Task Force to deliberate on the challenges confronting the country in the arena of the digital economy and e-Commerce. 

FDI inflows into India have remained robust despite global headwinds. The National Retail Trade Policy is also under formulation in the Department for Promotion of Industry and Internal Trade. Earlier, in his Mann Ki Baat programme, Prime Minister Narendra Modi talked about the government initiative to promote industry and self-employment in the country and highlighted the benefits of MUDRA Yojana.

Life of Common man has changed through MUDRA loans for ease of doing business. Under the scheme, over 1.41 lakh crore loans have been sanctioned and over 66 thousand crore rupees were disbursed during this fiscal.

The government has reduced the Corporate tax to 25 per cent for companies with annual turnover up to 400 crore rupees. A draft National Policy has been put in place to address six broad issues of the e-Commerce ecosystem in the country. They include infrastructure development, data stimulating domestic digital economy and export promotion and regulatory issues.  In this year’s Union Budget, the government proposed to start a channel within Door Darshan bouquet of channels exclusively for start-ups.

Indian economy to become a 3 trillion-dollar economy in the current year and government aspires to make the country a 5 trillion-dollar economy.