The photo has been used for illustrative purposes.
Higher food prices accelerated India’s April retail inflation to 2.92 per cent from 2.86 per cent in March, official data showed on Monday. However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in April 2019 was lower than the corresponding period of last year when retail inflation stood at 4.58 per cent.
India’s Reliance Industries is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters.
The foreign investments in India increased to $443 million in the financial year 2019 from $224 million in financial year 2018. Poised to be the third largest consumer retail destination in the world, India is now an attractive investment destination for retail.
India’s liberalised FDI policies – 51 per cent FDI in multi-brand retail and 100 per cent foreign direct investment (FDI) in single-brand retail under the automatic route (against the previous 49 per cent) — has attracted major global PE funds to double their investments in the Indian retail sector.
Many countries clearly seem to be in a mood to ease lockdowns, but extreme care should be taken to see to it that this process remains gradual as the pandemic still lurks all around with its deadly intentions.
As sections of the global economy tip-toe toward reopening, it’s becoming clearer that a full recovery from the worst slump since the 1930s will be impossible until a vaccine or treatment is found for the deadly coronavirus.
By imposing a hugely controversial and sweeping national security law for Hong Kong, China has just struck a deathblow to the city’s autonomy and liberties. Clearly, the new law will kill future democratic movements.