With pvt consumption still lagging, what's driving India's retail realty?

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With pvt consumption still lagging, what's driving India's retail realty? - Business Standard

Quick Summary:

In the last couple of years, the demand for retail real estate in India has been vibrant.

However, a recent note by Morgan Stanley said that even though private consumption expenditure has improved in India from 1.5 per cent in the January-March quarter last year to 4 per cent this year, it still lags behind the 2019 average of 6.3 per cent.

According to Crisil, organised retail, which accounts for about 12-13 per cent of private consumption, grew by around 15-16 per cent in 2023-24, outpacing the single-digit growth of private consumption.