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Budget 2015: Few reasons to cheer for retail, FMCG sectors

Arpita Mukherjee     February 28, 2015

The Budget did not have much for the retail, e-commerce or the consumer goods sectors. Apart from announcing a fund for a jobs scheme and encouraging cashless transactions, the Budget has largely ignored these sectors.


  1. Allocation of Rs 1,000 crore to create a Self-Employment and Talent Utilization (SETU) scheme to boost young entrepreneurs.
  2. Replace multiple prior regulatory permissions with pre-existing regulatory mechanism to make clearances easier.
  3. Incentivise credit or debit card transactions, and disincentivise cash transactions to move towards a cashless economy.
  4. New law to curb black money.
  5. Focus on skill development across ministries.



  1. No focus towards retail as an industry.
  2. No customs duty incentives for most consumer durables and FMCG.
  3. No steps to increase consumption among consumers.
  4. No tax benefits for e-commerce players.
  5. No clarity on GST implementation, apart from the date of implementation, which is April 2016.



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