Transform retail for a Viksit Bharat

A smarter, simpler, & holistic retail policy will enhance self-reliance by enabling enterprise, expanding jobs, and powering the next wave of economic progress

- LALIT BHASIN

AS THE GOVERNMENT crafts next-generation reforms under the Viksit Bharat 2047 vision, India’s focus on long-term, structural growth marks a departure from the short-term approach of earlier decades. Sustainable prosperity requires a robust domestic ecosystem of investment, consumption, and innovation.

The world over, every developed economy shares a common foundation—an expansive, dynamic retail sector that fuels job creation, attracts steady capital inflows, and stimulates consumer demand through simplified rules and modern infrastructure.

Now on the cusp of a consumption revolution, India must relook its retail landscape through this lens. Simplifying investment norms and modernising retail regulation will not only deepen competitiveness but also accelerate the journey toward a $30-trillion inclusive economy powered by investor confidence and resilient supply chains. The government’s recent decision to consider e-commerce exports under the inventory model is a welcome and progressive step in this direction, signalling its commitment to expanding India’s retail sector potential.

Unleashing the next wave of India’s retail growth