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Despite a consistent 10 per cent annual growth over the past few years, India’s retail sector has not been able to achieve the same level of growth as Malaysia and Thailand. Now, the pandemic has forced around 7 lakh small retailers to permanently shut. TO READ MORE: http://www.dealersforyou.com/categories/insight/a-simple-standardized-retail-policy-to-help-accelerate-india-s-economic-growth

2020 has been a very unusual year. The COVID-19 pandemic has inflicted many losses: human, social and economic. What we are now experiencing is an unprecedented moment of crisis in modern history. However, it is during uncertain times. TO READ MORE: https://www.indiaretailing.com/2021/02/08/fashion/2021-how-fashion-retail-is-inching-towards-normalcy-a-deloitte-report//

The commerce and industry ministry is “definitely” working on a new e-commerce policy which will have various features such as those related to data and consumer rights, a senior government official said on Friday.  TO READ MORE: https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/dpiit-working-on-new-e-commerce-policy-says-government-official/80707607

Three-month lockdown from mid-March and subsequent night curfew has had a telling impact on the city’s retail business Malls in the city registered a dismal 30-60% sales compared to a year ago due to closures experienced during the Covid. TO READ MORE: https://ahmedabadmirror.indiatimes.com/ahmedabad/others/malls-took-major-hit-footfalls-still-on-mat/articleshow/80676679.cms

To help apparel sector fight pandemic blues, the Union Budget 2021 has announced various schemes. The highlights include setting up of textile parks, PLI schemes, focus on vocal for local, 5 percent customs duty on nylon and withdrawal of exemption. TO READ MORE: https://www.indianretailer.com/article/whats-hot/policy/fashion-companies-to-gain-from-union-budget-2021.a6815/

Union Finance Minister Nirmala Sitharaman presented the Annual Budget in Parliament on Monday – India’s first paperless budget, focusing on six pillars under ‘Aatmanirbhar Bharat’ – Health and Well-Being, Physical and Financial capital and infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D and Minimum Govt., Maximum Governance. TO READ MORE: https://www.republicworld.com/india-news/union-budget/raymond-md-gautam-singhania-welcomes-forward-looking-budget-hails-textiles-and-msme-moves.html