Comprehensive Policy Needed For Sustainability Of Retail Sector

Amid changing socio-economic dynamics, retailers in the east have turned their focus on adopting various new strategies to achieve sustainable growth. Attending the Kolkata Retail Summit 2019 here on Thursday, they unanimously opined that sustainable growth has become critical for businesses in recent times.

“Sustainable growth involves going beyond profits to focus on several aspects of the organisation and its business, which includes both internal and external aspects,” said Kumar Rajagopalan, CEO of Retailers Association of India (RAI), which organized the summit, creating a platform for retailers to connect, converse, collaborate and catalyse.

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For sustainable growth of businesses, Rajagopalan insisted that induction of more women into the retail sector is vital. In the overall retail industry, less than 10 per cent of women are employed across India currently. He also emphasised on the need to make the sector worthy for empowering women.

Source: The New India Express

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