Perspective on budget 2020 on retail sector by Mr Sanjay Vakharia, CEO, Spykar Lifestyles

Mr Sanjay Vakharia, CEO, Spykar Lifestyles:

“The FY20 budget has delivered what best it possibly could. The industry had requested the government to bring in measures that would grow demand and spur consumption. But beside a few changes to the personal income tax rates, not much is seen impacting the demand and consumption story. The big gun announcements that the industry was expecting to stimulate the economy were missing. The absence of feel-good measures has left the budget falling short of expectations.”