Coalition budget must focus on policy alignment for retail sector: Arrow CEO

The upcoming government budget should focus on policy adjustments for the retail sector. This will allow it to capitalize on the growing purchasing power of Indian consumers, according to the menswear brand arrowCEO of Suman Saha.

“The 2023-24 Coalition Budget comes at a very opportune time, as the country needs the right incentives and support to accelerate the recovery,” said Arrow CEO Suman Saha. said in a press release. “The retail sector is a versatile industry and has emerged as one of the fastest-growing and dynamic industries due to the entry of a number of new players. This year’s budget must focus on policy adjustments for the retail sector as Indian consumers’ purchasing power is growing and branded goods in categories such as clothing, footwear, accessories, Food and even jewelry are slowly evolving into popular business and entertainment. by urban Indian consumers.”

Saha graduated from the National Institute of Fashion Technology and is a textile engineer. Saha also has over 19 years of industry experience, Arvind Fashion published on its website.

“While physical or in-store retail is the dominant channel in this market, off-store retailing is also becoming increasingly popular,” says Saha. “Online retail channels or e-commerce are capturing market share in the retail sector in many global markets. Many retailers operate an omnichannel model, which aims to seamlessly integrate offline and online channels.”

Arrow is run by Arvind Fashions and specializes in men’s shirts. Arrow entered the Indian market in 1993 and has more than 200 exclusive brand stores in the country. The brand also retails from its dedicated e-commerce store.