Is there light

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...at the end of tunnel for Indian retailers or is it the light of a fast moving train :) well according to us things shud be slowly but surely coming back on track here's why ::
  • - Sensex feel good factor , the great measurable feel good factor seems to be on its climbing ways ,consumers invested in it must have either recovered or must be visioning a recovery , a good sign

  • - Retail giants like Pantaloons have made statements of things looking up to pre recession levels .

  • -Walk into a mall u still hear the cash counters ringing at various stores , you were sometimes left wondering about recession , remember , a marginal lot of Indians pay up tax :)

  • Not very sure but retailers are also recruiting again it seems , though a lot of layers that existed in the structures have just vanished ,learnings from the past we guess .

  • The IT slowdown which hit a number of key retail cities like Bangalore , gurgaon , etc seems to be slowly but surely waning off .

Its a cycle ,things that go down have to come back up , things are slowly but surely looking up , and it looks like the light at the end of the tunnel and not of a fast moving train !



Comments

Shailendra said…
Don't know if this is an indication, but in Pune last year June, the annual Pune Central sale had gone on for over a month and a half. This time the sale got over in less than half that time.

If you consider broad economic parameters, real estate prices have moved up to 2007 December levels (again I am talking only of Pune). No of apartments registered show an increase of 200% over the corresponding period last year (Pune Corporation figures), and IT firms have started recruiting again.

Till few months ago things were quite bleak for retail in India with commercial retail space in places like Gurgaon going a begging. We need to see where retail goes from here.
September 11, 2009 at 9:25 PM
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