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GTRI has recommended that the Indian government implement stringent policy measures to curb the rising consumption of harmful processed foods. The Global Trade Research Initiative (GTRI) recommends increasing taxes on unhealthy food items and conducting public health campaigns to help consumers make informed choices about their food.
According to mall owners, rising appetite for luxury, more awareness and increasing disposable incomes are among key reasons for retail trade to grow overall, and as a result, malls as organized retail spaces are doing good business.
The share of warehousing leasing by retailers in India decreased by almost a third in the first half of 2021 due to a slowdown in consumer spending on discretionary products. Retailers leased 9% of the warehousing space during this period, compared to 13% in the previous year. On the other hand, consumer goods companies doubled their share to 6%, while the auto segment increased their leasing from 5% to 7%.
Gold Demand: Though the price of gold is on the higher side at Rs 59,000 per 10 gm compared to Rs 50,880 per 10 gm this time last year, sales would have been good had there not been a rally in the stock market, said Surendra Mehta, national secretary, Indian Bullion & Jewellers Association (IBJA).
Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now sto get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said.