By Lalit Bhasin, Former President, Indo American Chambers of Commerce, and President, Society of Indian Law Firms

As the government crafts next-generation reforms under the Viksit Bharat 2047 vision, India’s focus on long-term, structural growth marks a departure from the short-term approach of earlier decades. Sustainable prosperity requires a robust domestic ecosystem of investment , consumption, and innovation. The world over, every developed economy shares a common foundation—an expansive, dynamic retail sector that fuels job creation, attracts steady capital inflows, and stimulates consumer demand through simplified rules and modern infrastructure.

Now on the cusp of a consumption revolution, India must relook its retail landscape through this lens. Simplifying investment norms

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