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.
The UAE retail market is expected to become more customer-oriented as initiatives have been taken by a leading retail chain in the country to seriously look at customer behavior as well as their likes and dislikes.
Hong Kong’s August retail sales were the worst on record, the government said, as escalating anti-government protests that have gripped the Chinese-ruled city for nearly four months scared off tourists and battered spending.
British retail sales fell for a fifth straight month in September, the Confederation of British Industry said, and credit card lending data also pointed to a possible softening in consumer demand ahead of Brexit.
US retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
British shoppers grew more cautious about their spending in the three months to September despite enjoying real growth in their wages, raising concerns about the health of the economy in the run-up to Brexit.
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.
US retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away.
Japan’s retail sales tumbled at their fastest pace in more than 4-1/2 years in October as a sales tax hike prompted consumers to cut spending, raising a red flag over the strength of domestic demand.
WTS Dhruva Consultants, a boutique tax advisory firm and FTA registered Tax Agent with presence in the UAE, Saudi Arabia and Bahrain, has published another comprehensive guide on ‘Impact of Indirect Taxes on Retail Sector