Domestic Trade

India’s GDP (at constant 2011-12 prices) was estimated at Rs. 33.14 trillion (US$ 452.74 billion) for the second quarter of FY2020-21, against Rs. 35.84 trillion (US$ 489.62 billion) in the second quarter of FY2019-20.

  • The integration of domestic economy through the twin channels of trade and capital flows has seen acceleration over the last two decades as India’s GDP reached Rs. 203.39 trillion (US$ 2.88 trillion) in 2019–20.
  • India registered trade surplus of US$ 13.59 billion between April and November 2020.

Recent Government Reforms and Initiatives to Boost Domestic Trade

1.Extension of Tax Holiday for Startups

  • The government in the Union ....
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