Positive on the retail story in India: CRISIL Research

Tarun Bhatia, Director, Capital Markets, CRISIL Research in an interview with ET Now talks about the retail sector.

Do you have an opinion on the retail space as a whole?

Actually we are very positive on consumers and retail. If you look at the Indian growth story, we believe it is going to be consumption-led story and really not much investment has happened over the last three odd quarters. We tracked the grossed fixed capital formation as a ratio.

Actually there has been decline over the last two quarters but really the consumer demand is going to drive our growth. We believe by Q3, investments will start happening in sectors like auto and sectors like retail, textile with respect to readymade garments and that’s a segment where we believe today consumers are willing to spend. So we are actually very positive that consumer-lead sectors should do well in India on a sustainable basis.