Mukesh Ambani's RIL set to acquire Future Group's Big Bazaar, others

Reliance’s existing retail operation already runs close to 12,000 stores in over 6,700 Indian towns and cities

Crores of retail sector employees may lose jobs

Longer lockdown would hit retail industry hard

FM Nirmala Sitharaman in her Budget speech had said that local sourcing norms will be eased for FDI in single brand retail sector.

The move will also lead to cheaper working capital loans for industry.

The government said the Depository Receipt Scheme 2014 is expected to be operationalised soon by Sebi.

MSMEs have the potential to enhance direct and indirect job opportunities by about 36 million over the next four years.

'Driven by growth in India's retail market, country's GDP will increase and result in more job opportunities,' Amitabh Kant.

The consumer market was around Rs 110 lakh crore in 2018, clipping past 13 percent annually.

The retail market in India is expected to grow to USD 1.2 trillion by 2021 from USD 795 billion in 2017.

The retail sector received Rs 5500 crore investments in the past four years.