The long slowdown

 India is witnessing a long winded slow down in retail.

https://economictimes.indiatimes.com/industry/services/retail/retail-chains-restaurants-shut-stores-as-consumption-slows/articleshow/119054679.cms?from=mdr

This has been in the news recently after a year or so of the slowdown which the retailers have been experiencing over a year now.

Many retailers across segments, clothing, shoes, belts, vendors across India have clearly been able to witness it firsthand. A few days or weeks have seen sales as low as during those of the covid lockdowns.

The reasons however, were never clear and many attributed it to the following:

1. Hot weather to shop

2. Lack of cash as the general elections were there in 2024

But the real reason is somewhere else.

1. Saurabh Mukherjea suggests stagnant earnings, automation-driven job losses, and an ongoing economic slowdown after the covid revenge shopping.

https://economictimes.indiatimes.com/news/new-updates/income-down-debt-up-saurabh-mukherjea-gives-three-reasons-why-indias-middle-class-is-facing-a-major-crisis/articleshow/119419834.cms?from=mdr

2. Secret back door rate increases profitting the companies at the cost of the people of India.

https://www.instagram.com/reel/DHtBQHnyryO/?igsh=am4zeWwzcTd0bDBs

Maybe there are more plausible reasons.

Share yours thoughts in the comments