Asian foreign policy of the Narendra Modi government defines relation with China as it is India's biggest trading partner in goods. Soon after taking office commerce Minister Nirmala Sitharaman has already made two visits to China. The two countries have forged a mechanism called 'strategic and economic dialogue' (SED) to discuss the trade and other economic issues. Modi has publicly expressed his willingness to enhance trade and economic cooperation with China. Describing the newly found activism in bilateral relation Modi said India China relation moving "INCH (India-China) towards MILES(Millennium of Enhanced Synergy)". India sent National Security Adviser Ajit Doval as a special envoy of Prime Minister Modi to
Premiership of Narendra Modi budget was moved from 28 February to 1 February and financial cycle was changed from July to April. Further, the artificial distinction between planned and non-planned expenditure was removed. Foreign Investment Promotion Board (FIPB), considered as a hurdle in FDI, was scrapped by Modi government. Modi government put in place the Goods and Services Tax, the biggest tax reform in the country since independence. It subsumed around 17 different taxes and became effective from 1 July 2017. Modi launched Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014. The initiative aimed to create bank accounts and debit cards for 150