As no economic package has been announced so far and restrictions for shops and retail stores still exist in most states across the country, Retailers Association of India's (RAI) CEO Kumar Rajagopalan feels that the condition of the retail sector is becoming untenable now and, will soon require "ventilator support".
Speaking to IANS, Rajagopalan said that in the absence of government support and further regulatory relief from the Reserve Bank of India (RBI) there will be a large number of non-performing assets (NPA) in the retail sector, which may go up to Rs 75,000 ...
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