“The non-essential retail industry has been hit hard due to the current lockdown. The rate cut will help in reviving the overall economy, which we hope will have a positive effect on the sector too. Rising inflation has hampered consumer demand as anticipated and private consumption has dipped. The expected fall in inflation in the coming quarters is a ray of hope. We are hopeful the announcement will help uplift the buyer sentiment to some extent and our industry can start taking baby steps towards revival.”
Industry And Cluster | News & Insights
perspective by Mr. Sanjay Vakharia, CEO, Spykar Lifestyle on today’s RBI announcement.
![Mr. Sanjay Vakharia, CEO, Spykar Lifestyles](https://b1663402.smushcdn.com/1663402/wp-content/uploads/2020/05/Mr.-Sanjay-Vakharia-CEO-Spykar-Lifestyles.jpeg?lossy=2&strip=1&webp=1)
Published: May 23, 2020
Author: TEXTILE VALUE CHAIN
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