To get this crawling industry back to its feet and start running, retailers believe that the budget should address ease of doing business for retailers.
The budget 2021 is coming at a time when India is looking forward to leaving behind the unfortunate memories of 2020 and entering into a decade of growth and prosperity.
The Union Budget 2020 is aimed at reviving dampened consumer sentiments and announcements on tax incentives on incomes will put consumption back on track.
The Retailers Association of India (RAI), at the time, had said that the reduction of corporate taxes for MSMEs to 25% was a very welcome move and would benefit a large number of retailers.
Budget 2017 covered a number of issues to uplift the economy although there was nothing much for the retail sector. However, key reforms were announced that will effect the industry by and large.
There are few areas which has indirectly lead to growth in E-com like development in digital payment, development of secure and platform agnostic payment gateway(UPI), demonetization, simplification of taxation, GST, infrastructural growth etc.
With the government stepping up focus on economic reforms and development, everyone is eagerly awaiting the Union Budget 2017-18. Among the key sectors that are expecting major policy changes is the e-commerce industry.
The Retail sector is currently the hotbed of economic growth. Retail in India has grown dramatically over the last two decades, with rising disposable income, shift in youth populous and an attitudinal shift in consumer preferences.
Being the first full Budget of the Narendra Modi Government, it serves a great opportunity to drive economic growth against the challenges of fiscal deficit.
The question that comes to mind is that if FDI in manufacturing is already under the automatic route, was there any real restriction on such manufacturers selling products online?
Ahead of the Budget, retailers have asked the government to grant industry status to the sector which is estimated to attain a size of 47 trillion by 2017
The speculation of the budget 2010-11 has paved way for insightful viewpoints regarding retail and the real estate industry. Let us find out what is in store for both the retail and the retail estate industry.