India Major Report - India Retail Reboot 2021
04 oct. 2021
India’s retail industry continued to face headwinds as the pandemic unfolded a new set of challenges for a sector that was already witnessing some structural changes. The nationwide / regional lockdowns, social distancing and an array of new health and safety regulations have realigned consumer priorities and consumption patterns. A sharp, but intermittent recovery was witnessed across the sector after the relaxation of lockdown restrictions and start of the vaccination drive in January, however the second wave hampered a complete recovery. As the second wave peaked out, a more inclusive vaccination drive and decline in infection rates is boosting consumer confidence – both in terms of purchasing power and consumer mobility.
CBRE’s latest report ‘India Retail Reboot 2021’ enumerates some of the key trends and challenges across the top retail categories and identifies a few imperatives for retail stakeholders in order to thrive amid continuing uncertainty.