NEW DELHI: A cohesive national retail policy would go a long way in reviving the sector and help generate up to 30 lakh additional jobs in the country by 2024, CII National Committee on Retail Chairman Shashwat Goenka said on Tuesday.
Goenka, who is also Head – Retail & FMCG, RP-Sanjiv Goenka Group, while speaking at the CII India Retail Summit 2020, said a thorough national retail policy would help the sector bounce back and grow exponentially in the years to come.
As per industry estimates, around 5 crore people are employed in the organised retail sector in India.
“Moving forward as the industry revives from its slump, new and emerging models need to be deliberated in order to accelerate the recovery process. The industry is still hampered by the loss in the demand therefore proactive steps need to be taken in order to revive consumer confidence as well,” Goenka noted.
Source: The Economic Times
