Question

Define

The internal trade in india.

(I need satisfying answer)

Answer 1

Domestic trade also known as Internal trade or home trade ,is exchage of domestic goods within the boundaries of a country.
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Answer 2

1)Trading enables mutual exchange of
goods and services and is also the foundation of
markets comprising diverse goods and services.
Goods and services are in turn, an embodiment of
the division of labour in a society since they
represent diverse kinds of labour and skills.
2)The advent of various modes of transportation and development of diverse means of
communication helped expand the scope of trade
in goods and services. If local exchange and barter
led to the division of labour on a small scale,
national and global trade ensured division of labour
on a larger scale. With the expansion of trade
beyond the local level, the functions of market
increased manifold to take care of the needs of
processing, storage, packaging and transportation

The Union Government may soon consider adopting a three-pronged approach to revitalise domestic retail and wholesale trade.
The three-pronged approach includes
(i) Establishing a regulatory body for national internal trade (retail and wholesale)
(ii) Comprehensive domestic trade policy and (ii) Board for Internal Trade.
Need for new approach
Domestic trade mainly comprises non-corporate small businesses providing employment to an estimated 460 million people.
Currently, there is no single regulatory body or Ministry for such six crore small businesses in the country that have collective annual turnover of around Rs. 30 lakh crore.
The current approach policy regime and the environment is considered only conducive for foreign retail giants and their Indian partners or counterparts
Implications
The proposed three-pronged policy approach will address need of these small businesses with an aim to generate employment, improve financial inclusion of small traders.
It will also ensure ease of doing business by eliminating multiplicity of approvals, improve competiveness of economy and boost overall demand to boost growth.
Besides, the new strategy will also help to link Central Government’s flagship initiatives such as Digital India, Skill India and Make In India with these small businesses.