From "will they, won't they?" dilemma, it was finally to "they will!" kind of certainty that
the Indian retail industry was a witness to in 2008, with the emerging shape of things over the year suggesting that both neighbourhood stores and organised retailers are here to stay.
In the start of the year, there was a feeling that with firming up of real estate rentals, the brouhaha of Indian retail may not last long.
But as the year moved on and the rentals started softening, there was optimism in the air, paving way for hectic activities by various retail players, who announced investments to the tune of Rs 14,200 crore (Rs 142 billion) in the near future.
Image: Inorbit mall in Mumbai. | Photograph: Jewella C Miranda
Also read: Companies that are cutting production
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