| Even though it is still not clear whether Reliance Retail will be able to begin operations on a large enough scale this year, Deutsche Bank predicts a good future for both customers as well as those in the retail trade (the employees, not the employers, since it's put a Sell on big retailers like Pantaloon, Shoppers Stop and Trent). According to Deutsche Bank, the mall capacity in the Mumbai region will triple this year from just under 5 million square feet to a little over 15 and around six times in the Delhi region from 3.7 million square feet to 23.2. Given the increase in organised retail that this will imply, there will be huge downward pressure on prices and, given the shortage of people to man the counters, increased salaries in the industry. |
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