Poor wage growth, high inflation to hit retail companies – India ratings
Growth of the Indian retail industry, which includes biggies like the Future Value Retail (Big Bazaar), Reliance, Aditya Birla Retail, Landmark Group (Max) and Tata’s Infiniti Retail, is likely to slow down in 2013 due to the reduced purchasing power of consumers, the India Ratings unit of Fitch said. It warned that consumers in India […]