Budget 2018: FM Arun Jaitley should grant industry status to retail sector

Wonderchef Home Appliances MD Ravi Saxena emphasises that it is the best time to award an industry status to the retail sector for overall economic growth

Budget 2018 should be a game changer for the retail sector and we expect Finance Minister Arun Jaitley to grant the much-needed industry status to the sector this year.

“The Retail sector is a significant contributor to the economy which has the potential to generate twice as many jobs as compared to what it does currently. But it should get impetus from the government to create an ecosystem backed by favorable regulations and strong domestic R&D.  With the current government’s continuous endeavor to correct the financial structure of the country, it is the best time to grant industry