Budget 2021-22 wishlist: Here are the key challenges in retail sector

Key challenges

Lack of a National Retail Policy harmonising multiple laws governing the sector

Low consumption demand, further triggered due to pandemic, leading to reduction in investments

Frequent and sudden tariff & non-tariff barriers leading to supply chain disruptions, increasing costs and thus reducing demand

Inadequate physical, digital infrastructure affecting efficiencies in supply chain management 

Industry ask

A National Retail Policy seeking alignment between sectoral policies and regulations 

Retail sector is governed by multiple laws and regulations, including economic and product specific regulations like FSSA, legal metrology, Drugs and cosmetics etc. Further, there are disparities in inter­pretation and implem­entation at all levels of