Yogeshwar Sharma aims early roll out of GST
Yogeshwar Sharma aims early roll out of GST
"Indian economy is passing through a tough phase. The various initiatives taken by the government to streamline the processes will yield long term results however, it has adversely affected in the short term.  The changes envisaged has put in a sense of fear and uncertainty in the minds of indian businessmen and consumer. Therefore, this budget is a big opportunity and platform with the government to announce few decisions which will bring in a sense of certainty and morale booster.
The GST is a very good initiative and with years of hard work states and central government have come to some consensus. It will change the way businesses are carried out in the country. Having said that, first couple of years will be very difficult to follow the processes laid out & reconciliations to be done. 
 
Tax incentives are one of the major need of the hour  as it will ease the pressure on margins. 
Make in india story needs more incentives to be competitive with other manufacturing hubs such as china.  
Ease of doing business is yet to translate in reality. 
International investors need clarity on regulatory laws to invest long term in India. 
 
Most of the international brands in retail are finding india as a future long term market. Brands like   H&M, ZARA, GAP etc. have already entered Indian market in past few years. Similar big brands, though convinced of the size and potential of market, are on wait and watch approach and waiting for more stability and clarity on ease of business. 
After agriculture, retail is the second biggest industry. Organised retail is next big thing and is to stay for long."
 
Yogeshwar Sharma, Executive Director, Select CITYWALK
 
 
 
 
 
 
 
-- 

 

 
Stay on top – Get the daily news from Indian Retailer in your inbox
Also Worth Reading