India’s Reliance Retail expects sales to grow 20 percent this fiscal year, on the back of steady consumer spending, ruling out any slowdown due to high inflation and rising interest rates. Reliance Retail, a unit of India’s largest-listed company Reliance Industries, currently operates around 1,000 stores in the country across value retail, or food and groceries segment, and specialty formats. The company had plans to open a chain of cash-and-carry stores across India, considering its success with the first wholesale cash-and-carry format store at Ahmedabad. Now that the retail giant is moving on a new direction, it would be an opportunity the in-store signage companies could grab for new business in the sector.
