Budget 2019 wishlist: Here are the key challenges for retail sector

While the government has taken proactive measures to allow 100% FDI in single-brand retail trading, there are several conditions under the policy that need to be revisited

Key challenges

• Multiplicity of laws and regulations governing the sector
• Restrictive conditions under the foreign direct investment (FDI) policy for single-brand retail trading
• Lack of clarity and understanding of regulations/guidelines governing online retail trading, leading to ambiguities and hurdles for the e-commerce sector
• Inadequate physical and digital infrastructure
• Lack of industry status for retail

 

Industry ask

• Need for harmonisation of retail policies and regulations: There are various laws and regulations that affect the retail sector. In addition to this, several states such as Andhra Pradesh, Maharashtra, Haryana and Karnataka have released their retail policies and the central government is planning to come up with