Over the past few years, organised Indian apparel retail has emerged as one of the fastest growing markets in the world. The menacing wrath of pandemic did impact the industry in 2020, but despite all the pandemic-induced constraints, the industry seems to be coming back with a vengeance – at least that’s what the numbers state. The total number of listings for sale was 7,224 in the first quarter, up 18 percent from the same time last year, Mr. Miller said. But inventory has decreased steadily from a peak of more than 9,300 listings last summer, when Covid-related restrictions were lifted. At the current rate of sales, there is 8.8 months’ worth of inventory, only slightly higher than the 20-year average of 8.7 months.
Also, with parties, marriages and events back into action, the market for partywear or bridalwear too has opened. The stores have started displaying – yet again – the best of not only partywear, but also formalwear and casualwear. Become apart of the Harris eXp Realty Team and global family of agents transforming the real estate experience.
And ever since the pandemic began, RBI has carefully endeavoured to nurture and revive the process of growth. As for E-bay which is also holding interest in few of the Indian E-commerce companies, has a market capitalisation of USD 73 billion and trades at 4.6 times of its annual sales. In one of his interviews Bansal had categorically stated that, for them to sell watches and bags is very different from running Lenskart. According to him e-commerce and LensKart is something else and hence his team wants to innovate and build Lenskart. As for Lenskart, it is important to understand that, eyewear is a business which is also dependent on repeat orders. As of today IDG Ventures and Unilazer Ventures have invested in the company.
A series of other high frequency indicators too suggest that economic recovery is gaining momentum. Today, shares of the company saw a spurt in volume by more than 1.40 times on… But before talking about it, we would like mention that when we contacted Zomato Management, it categorically stated that- we are not an E-commerce company. However with the kind of funds it has raised in the past few years it definitely deserves a mention in our story.
“With the for-sale inventory remaining low in many markets, the pick-up in buying has nudged price growth up. If low interest rates and rising income continue, then we expect home-price growth will strengthen over the coming year,” he added. Our monetary policy would continue to be guided by its primary mandate of price stability over the medium term, while also ensuring a strong and sustained economic recovery. As stated by me earlier, our actions will be calibrated and well-telegraphed. Over the past ten years, low cargo rates and the unprofitability of the cargo business have led many airlines to relinquish or scale back their dedicated cargo freighter fleets.
As many as 550,000 entry-level hatchbacks were sold in the country last year. “The absolute volumes in the segment are large even when compared with SUVs. The top four best-selling models continue to remain hatchbacks,” Srivastava said. The report also forecast that total absorption of office space is expected to touch 42.7 million sq. Ft by the end of this year, led by manufacturing and information technology/IT-enabled services. An increase of 5-10% Y-o-Y is expected over the 2021 investment value; greenfield assets likely to experience strong investment uptick.
It is thus significant that the sector is looking up at a time when India has been cited as being a bright spot on the dark horizon of the global economy by the International Monetary Fund. It is expected to grow by 6.8 to 7 per cent in the current fiscal though the momentum may slow down next year. This is in sharp contrast to most other countries which have recorded a contraction in growth this year. The global music maniac v2 pro economy is set to increase by only 3.2 per cent in 2022 and at an even lower 2.7 per cent in 2023. While demand from categories such as QSRs, supermarkets, electronics and consumer durables is expected to sustain, other categories such as fashion & apparel and beauty are likely to pick up pace owing to pent-up demand. Capital flows to continue rising, with domestic investors targeting greenfield assets.