Notwithstanding the inflation pinch, analysts believe the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment and discretionary purchases bounce back from the Covid-19 pandemic.
"The shift in consumer preference from the unorganised sector to the organised, coupled with uptick in domestic demand as people resume work from office, will cheer the Indian retail sector," says Nishit Master, portfolio manager, Axis Securities.
Shopping malls are witnessing increased footfall in lower tier towns and standalone stores as consumption picks up and mobility improves.
This story is from the July 06, 2022 edition of Business Standard.
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This story is from the July 06, 2022 edition of Business Standard.
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