On Friday, India’s Prime Minister presented measures intended to support small and medium-sized businesses. Last year, the implementation of the Unified Goods and Services Tax (GST) put small firms out of business and causes hundreds of thousands of people to lose their jobs. As a result of the negative impact of the tax, Prime Minister Modi has fallen out of public favor- it seems these new measures are an attempt to regain voter support prior to next year’s elections. Some of the new measures that will attempt to strengthen small businesses include easier access to loans, loan discounts, and making it easier to comply with various labor laws and standards.
See "https://www.reuters.com/article/us-india-modi-industry/indias-modi-unveils-aid-for-small-businesses-as-elections-near-idUSKCN1N71O5", Manoj Kumar & Krishna N. Das, Reuters, November 2, 2018