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‘Regulatory reforms will improve retail environment,’ says RAI CEO

By Retail4Growth Bureau | February 04, 2025

While sharing his response to the Union Budget announced by Union Finance Minister Nirmala Sitharaman two days ago,  Kumar Rajagopalan, CEO of the Retailers Association of India (RAI), highlights the focus on ease of doing business with regulatory simplifications.

Retailers Association of India (RAI), which had issued its Pre-Budget Memorandum last month, joins the list of organizations and entities giving a thumbs-up to the Union Budget 2025 announced on February 1st.

Sharing his response to the Budget, Kumar Rajagopalan, CEO of Retailers Association of India, said, “Budget 2025 has delivered on several key expectations for the retail sector. The increase in income tax exemption to ₹12 lakh is a welcome relief for the industry that had witnessed reduced consumption in the past year. Better consumption means better business for retailers. Ease of doing business has been a key focus, with regulatory simplifications and the push for state-level reforms expected to improve the retail environment. Women workers in retail will benefit from initiatives like working women’s hostels and crèches, making workforce participation easier.”

Speaking on the measures announced to support MSMEs, he added, “The expansion of MSME benefits, including easier access to credit, customised credit cards, and the new Fund of Funds, should drive a wave of new products and innovations, increasing supply and competition in the market. Overall, this is a progressive, growth-driven budget that strengthens retail, empowers businesses, and prioritises consumption as a key driver of economic momentum.” 

It may be recalled that in its Pre-Budget Memorandum, RAI had sought for the government to focus on generating demand and spurring consumption by offering benefits or concessions in the form of lower taxes.

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