'Budget should deal with reduced consumption of FMCG'

By Kamal Khushlani

Slim to no growth in employment in a broader sense leading to stunted consumption is a major problem plaguing our retail sector. High-interest rates leading to high rentals with heavy taxes is also a major issue. International competitions of a predatory nature are coming in making losses and determining the market structure. The e-commerce companies are subsidizing sales, again preying on the high street retail and pushing them out of business. The import policies from Bangladesh, Sri Lanka, etc. allows for Chinese goods to come in. Which is even tempting businesses like us to shift our sourcing from them. These are the areas where any help from the government would be appreciated

The author is Founder and Managing Director of MUFTI.