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    HomeNewsBusinessBudgetBudget Reactions: Retail sector needs more bold policy steps, says E&Y

    Budget Reactions: Retail sector needs more bold policy steps, says E&Y

    The retail sector needs some bold policy steps on more structural issues like infrastructure, funding and capacity building, believes E&Y.

    March 16, 2012 / 17:51 IST

    Pinakiranjan Mishra

    While there have been some positives in this Budget with increase of income in the hands of consumers which would go towards discretionary spend thus helping retailers, the sector needs some bold policy steps on more structural issues like infrastructure, funding and capacity building.

    The FM has provided some hope with a statement on FDI and GST but a more firm commitment on FDI would have been welcomed by the industry. Some measures like the increase in abetment for apparel and customs duty relief for a few electronic items will help companies manage their cost and hence, the ultimate price to the consumer.

    Pinakiranjan Mishra, Partner & National Leader - Retail & Consumer Products, Ernst & Young India

    first published: Mar 16, 2012 05:45 pm

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