New Delhi: Shoppers in India’s top cities aren’t stepping out to shop—despite easing of restrictions across the country.
A survey by Retailers Association of India (RAI), conducted with over 100 large and small retailers, between 1 June and 15 June, suggests that retailers in malls reported a 77% year-on-year dip in business in the first 15 days of the month; while high streets saw business decline by over 60% in the same period, reflecting a grim consumer sentiment in the country that is in the grip of the coronavirus infection.Restaurants and QSRs, that rely on high footfalls, are the worst affected with a 70% dip in year-on-year sales.