Budget 2018: From FDI to unified market, challenges ahead for retail sector

Indian retail industry is projected to grow at a promising CAGR of 10% to reach $1.1 trn by 2021

 

Key challenges
 

• Multiplicity of laws & regulations governing the sector

• Lack of industry status for retail

• Lack of clarity and understanding of regulations/guidelines governing online retail trading leading to ambiguities and hurdles for the e-commerce sector

• Lack of access to organised funding, especially to small retailers

Source: Strategy&/PwC Research

What industry wants

• National Retail Policy: A single retail policy will help streamline various laws and regulations affecting the retail sector

• Unified National Market: To be globally competitive, India needs to adopt a ‘unified market’ approach to the retail sector