The Indian retail sector that has been reeling under the economic downturn will see a positive trend in consumer spending this year but its full recovery will take some time, according to global consultancy firm CB Richard Ellis (CBRE).
"Though 2009 started on a discouraging note for the retail sector, from third quarter onwards, some movement did take place...For 2010, we hope to see a positive trend in consumer spending," CBRE Chairman and MD South Asia Anshuman Magazine said, while issuing a report 'The India Retail Market View-Second Half, 2009'.
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Wednesday, February 17, 2010
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