About 30 per cent of Indian retailers may be out of business in six months time if the government does not provide them support amidst the nation-wide lockdown, Retailers Association of India (RAI) CEO Kumar Rajagopalan said.
Speaking to IANS on Sunday, Rajagoplan also noted that the business has been severely subdued since February, with 50-60 per cent of normal trade last month and nearly no trade in March.
“Outlook looks quite grim, I think if it continues, for example till April 15-20, I think most of the retailers would already be in very deep trouble,” he said.
