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Retail industry may take 9-12 months to overcome covid-19 impact: RAI

India city Mumbai covid-19 experts 2020 pandemic
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MUMBAI : It would take at least 9-12 months for India's retail industry to recover from the aftermath of the covid-19 pandemic, according to the Retail Association of India (RAI), an industry body.

On Monday, RAI along with a few industry experts hosted a webinar to discuss the impact of the covid-19 crisis on the Indian retail industry.

Of the players, nearly 20-25% may need an infusion of capital to stay afloat and about 25% of the jobs in the retail industry may get impacted, according to a survey by RAI.

RAI represents 13,667 member establishments representing 5 lakh stores and employing 43 million people. Kumar Rajagopalan, CEO, RAI, said about 7-8% of the entire retail industry is functioning at the moment as they are selling

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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