Higher than 5% is a rarity that may be seen only in extremely good years.This year has not been satisfactory on store openings. This is a business that will need multiple players with multiple formats.Newer states are tougher and it takes time to understand. However, selling at low prices while important is not the only factor for success in retail.Pricing is a continuous process in value retail. The challenge as well as excitement is pricing -- pricing of products and pricing of costs.Real estate is a challenge in our country. Quality growth is good growth, irrespective of the region it comes from.

Source: Economic Times May 14, 2019 03:33 UTC