Shopping Centres & Retailers Partnership to Providethe Mandatory Boost for Consumption The fi rst quarter of 2022, so far has been quite optimistic and fruitful for the shopping centres pan India and this is a very good news. Retail is all about consumers, changes and innovation and the shopping centre industry is the key driver of consumerism in India. My belief is that modern retail drives consumption and that malls are pillars that power this drive seamlessly.
However, I also believe that consumerism in India has not scaled up to the level it could have gone up to and the onset of the pandemic stunted this growth on a global scale. Ever since the pandemic happened, the industry has witnessed so many struggles and we have overcome all that in the last few months. The threat of the fourth wave of the pandemic, is another challenge ahead of us.
The situation currently is not that worrying but going by the experiences of the past, the industry understands, the restrictions and curfews won’t be a happy state for the malls.
Author : Images Group
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