Retail Growth

Small Indian cities to witness high retail developments by 2029: Report

30 per cent of institutionally held retail assets are located across 12 Tier II and Tier III Indian cities

Nov retail inflation rises 7.37% for farm workers, 7% for rural labourers

Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and 6.92 per cent for farm workers and rural labourers, respectively, according to an official statement. Food inflation stood at 9.38 per cent and 9.14 per cent for agricultural and rural workers, respectively, in November compared to the respective figures of 8.42 per cent and 8.18 per cent in October 2023, and 6.19 per cent and 6.05 per cent recorded in the corresponding month of previous year (November 2022), a labour ministry statement said. According to the statement, point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (rural labourers) stood at 7.37 per cent and 7.13 per cent in November this year as compared to 7.08 per cent and 6.92 per cent, respectively, in October 2023. The two comparable numbers

ONDC framing mechanism to ensure compliance of its rules: Official

Government-promoted Open Network for Digital Commerce (ONDC) is framing a mechanism to ensure compliance with its rules by entities involved in online retail trading, a senior official said on Thursday. The ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium and reduce dominance of giants in the sector. "If we see that any player is not following our rules, we would take action. We are in the process of finalising things. Law of land should be followed. We are in the process of making that mechanism," Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv told reporters here. A set of rules on protection of personal information and setting up of grievance resolution mechanisms would be part of the comprehensive ONDC network policy. According to a consultation paper released by ONDC last year, one of the chapters of the policy on grievance ...

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Middle-class to drive Retail growth by 60% to $1 trillion by 2020: Reports

The rural FMCG market in India is expected to grow at a CAGR of 14.6%, and reach $220 billion by 2025 from $29.4 billion in 2016