Import of goods and services
Consumers have diverse tastes across differentiated products, some of which may not be domestically available with specific characterstics/ features. Thus, India, like most economies, imports goods/services accross vaious commodity categories, even though there may be domestic production of commodities of that type.
To boost manufacturing and improve overall environment for the industry, Government has undertaken initiatives like ‘Make in India’, ‘Digital India’ with an emphasis on ‘ease of doing business’. Policy initiatives on infrastructure like smart cities, railways and industrial corridors and monitoring of their implementation are also a priority for the Government.
This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.