Give retail sector industry status: DVS

Rakhee Nagpal, Managing Director, Dynamic Vertical Solutions said the Budget should give the retail sector industry status. She added that the Indian retail market is the fifth largest retail destination globally.

"The dynamic Indian retail sector is undoubtedly poised for growth. A key concern that has been unanimously raised is the 'industry' stature that should be given to this sector. The Indian retail market is the fifth largest retail destination globally. According to industry estimates, it will touch USD 427 billion by 2010 substantiates this request for ‘industry stature’. The lack of industry stature holds back the retail sector from achieving full liberalization. I would request the government to lay emphasis on organized financing and the need for infrastructure funding. Moreover, as this sector observes predicted growth, introduction of training programmes for obtaining trained manpower will surely benefit this sector," said Nagpal.