Union Budget 2024-25: Here are the key challenges in retail sector
Digital transformation needs to have zero tolerance on consumer data breaches
 "retail store shopping, fmcg shopping")
Representational Image
Listen to This Article
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
Also Read
 "auto component industry, automobiles, car component, vehicles, auto manufacturers")
 "INCOME TAX")
 "artificial intelligence business fintech")
 "health")
 "Mallikarjun Kharge, Kharge, Mallikarjun, Jairam Ramesh, Jairam")
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
More From This Section
 "The International Monetary Fund (IMF) on Tuesday raised its projection of growth in India’s gross domestic product (GDP) for 2024-25 by 20 basis points to 7 per cent amid a boost in private consumption, especially in rural areas.")
 "foreign currency dollar")
 "Piyush Goyal, Piyush")
 "Budget, Budget 2024, Union Budget")
 "The government will have to tweak the demand for Mahatma Gandhi National Rural Employment Guarantee Act and may retain the demand for PM Kisan to not allow fiscal slippage, farmers, agriculture, crops, rural")
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 16 2024 | 11:24 PM IST