Budget 2018-19 WISH LIST

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

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 – minimise licences required and establish a system of single-window clearance. The gamechanging GST will help

Rationalisation of FDI:

While the government has given the necessary push to ‘Make in India’ in food retail, it would help if non-food ‘Make in India’ retail category can also witness a liberalised FDI policy SBRTandMBRT: The SBRT and MBRT frameworks need to be defined in the FDI policy. Divisions could be on the basis of nature or formats of retail

Industrystatus: This will improve access to funding to MSME retailers, especially amid high pressure with growing competition from organised retail and e-commerce