Retail Trade now has a separate Ministry and a Nodal Department. The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade. Click here to view the notification.

Retail is one of the driving forces that is propelling India’s economic surge in recent years. Its total size is US$ 820 bn, and its share in India’s GDP is 28%. Retail plays a vital role in transforming India into a major Economic superpower. This move will definitely help retail realize and reach its true potential.