“India is undergoing a digital boom in the post-pandemic period with the backing of initiatives like Digital India, Start-up India and Make in India. This growth phase has been much more impactful than the dot-com boom we witnessed a few decades ago. Consumers can access a wide range of products and services like grocery shopping, online education, health products and services in the digital ecosystem powered by access to telecom and IT devices. We need focused interventions from the Government in the upcoming budget to support this growth.
The Government should consider simplifying the GST structure for the retail sector. The Government is focusing on building an Atmanirbhar Bharat. However, we need to lower the duty until we have a seamless ecosystem. There is a need to recognize that the industry is still dependent on China for SKD kits, chipsets, and battery requirements and take actions that support domestic growth. We have made substantial progress in the ease of doing business in the last few years. There is a need to have a single window clearance for all licenses and certifications to enable a conducive ecosystem for manufacturing in the country.”
