Indian Retail Stock Levels at a 10% Higher Level Than Pre-Demonetisation Phase

The trade dynamism triggered by demonetisation and GST roll out has almost settled down. As a result, Apr-Jun 2018 quarter witnessed strong shipment growth on the back of a low base of last year. Meanwhile, retail offtake continued to be buoyant with double digit growth on the back of tailwinds viz. GST rate cuts, strengthening macro-economics, and robust monsoon projections. Also, the retail stock levels have risen and now stand at higher than pre-demonetisation level; modern trade channels are showing very high growth and rural growth has picked up as cash is back in the market. Nielsen – Read more