The sector recorded a modest 7% growth between October 7 and December 1, compared to the same period last year. This fell short of the anticipated 10% growth, as revealed in RAI's 56th Retail Business Survey.
"Consumption growth has been subdued throughout the year, prompting retailers to boost business through promotional offers and encouraging festive purchases," said Kumar Rajagopalan, CEO of RAI.
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Religare board initiates review, seeks funds from Burmans
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NTT Data to invest $500 mn in data centre biz annually
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Amazon Eyes India Spinoff, IPO
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IPV to invest in over 70 startups
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Threat to farm sector real but may be overstated
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