Union Budget 2024-25: Here are the key challenges in retail sector | Economy & Policy News

Posted on

[ad_1]


Key challenges


 Only 10% of households with formally employed chief wage earners


 Muted consumer demand


 Rising food, fuel, and fertiliser prices have depleted rural purchasing power


 Weak inter-state migration of labour


 Digital transformation needs to have zero tolerance on consumer data breaches




Industry ask


 Increase direct benefit transfer to generate rural demand


 Faster disbursement of PLI to increase job formalisation


 Easy access of credit for MSMEs to build robust supply chains


 Create an inter–state migration council to ensure free movement across states

Notify details of the digital personal data protection Act transparently


Reforming multi-brand retail to spur investments in retail infra, job formalisation through MSMEs, continued government investment to facilitate commerce and access will be key


Ravi Kapoor, Partner & Leader, Retail & Consumer, PwC India

Chart

First Published: Jul 16 2024 | 11:24 PM IS

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *