The rate of inflation doubled in April due to a hike in the prices of fashion apparel and a drop in the prices of energy supplies. As per ONS, CPI jumped to 1.5% in April from that of 0.7% in March.
Retail in India is going places. The retail industry which started off from the Kirana shops many years ago now has stern competition from multi-brand retailers, many of whom are not of Indian origin.
