"Budget 2021 | Government should look at reviving consumption for economic growth"
This financial year has undergone a myriad of changes, particularly once it involves the buyer shopping for behaviour and outlay patterns. With economic pressures rising, most customers ar currently cautious concerning their searching expenditures, significantly their discretionary spends. Hence, we've witnessed value-conscious selections gaining ground, if not price-conscious ones.
With this makeover, we've conjointly seen brick and mortar stores, numerous tiny sellers and small, tiny and medium enterprises (MSMEs) currently adding e-commerce platforms as a replacement channel to explore progressive revenues. we have a tendency to expect Budget 2021 to produce a centered read on retail and e-commerce players, tiny retailers and MSMEs in operation during this area.
Here are some areas that we have a tendency to believe that the Budget might cowl this year :
a) E-commerce focus on data protection and consumer interest
b) Investment in digital infrastructure
c) Simplification in regulatory compliances
d) Support for the overall retail landscape
e) Encouraging MSME growth and development
f) Investments in logistics and back-end infrastructure
g) Startup culture to foster innovation