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Conducted once in every five years, HCES findings are key to several economic indicators, including the Gross Domestic Product (GDP), poverty levels, and the Consumer Price Index (CPI). The government, after nearly 11 years, has released the latest numbers for the survey conducted after August 2022 and July 2023.
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India s top retailers, including Reliance Retail, Titan Company, Avenue Supermarts, V-Mart Retail, and Shoppers Stop, have slowed down their store expansion this fiscal year. The slowdown is attributed to a focus on profitability and a saturated market with limited room for new outlets. Jefferies reported that Reliance Retail has reduced retail business capex and store additions have decreased.