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Polity & Governance
Mahesh

28/12/22 09:16 AM IST

DPIIT seeks views of different ministries on draft national retail trade policy

In News
  • The Department for Promotion of Industry and Internal Trade (DPIIT) has sought the views of 16 departments and ministries on its draft national retail trade policy.
Retail Trade Policy
  • The policy would focus on formulating strategies to provide a globally competitive and sustainable environment for the overall development of retail trade through targeted efforts.
  • The objectives of the policy include ensuring easy and quick access to affordable credit,
  • facilitating modernization and digitisation of retail trade by promoting modern technology and superior infrastructural support;
  • development of physical infrastructure across the distribution chain;
  • promotion of skill development and improve labour productivity, and providing an effective consultative and
  • grievance redressal mechanism for the sector.
  • The retail industry is likely to see 10 per cent annual growth to reach about USD 2 trillion by 2032.
Source- Live Mint

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