According to a study by Retailers Association of India, retail sales in India rose by 28% in March 2022 (year-on-year), quickly returning to growth after the Covid-19 Omicron wave in January.
In response to this surge in demand, retailers are increasing storage in the key regions of Delhi, Bangalore, Mumbai and Chennai. In Q4 2021, Reliance opened 73 new warehouses. Demand is being driven by pure-players like Flipkart (Walmart), BigBasket (Tata), Blinkit and Zepto. In mid-April, the...