According to a recent study by the Associated Chambers of Commerce and Industry of India (Assocham), though there is a noticeable slump in demand for fast moving consumer goods (FMCG) in the urban markets, the rising demand in rural areas is attracting manufacturers of consumer products and automobiles, and even organised retail businesses.
The Assocham study titled ‘The Rise of Rural India’ reveals that the global financial meltdown notwithstanding, rural India is being seen as a potential for healthy revenue growth for companies, thanks to a robust demand for products of FMCG, two-wheelers, passenger cars as well as retail sectors.
According to the 'Indian Retail: Time to change lanes' report by global consultancy KPMG, the ongoing recession has taken a major toll on the dissemination of India's organized retail - with the country's retail sales growth falling drastically to 11 percent in December 2008 from the 2007 figures of 34 percent.
Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline. 
Subhiksha Trading Services has been caught in yet another controversy with property owners planning to drag the retailer in court on the issue of non-payment of rents. The firm is already facing tough situation due to decline in demand under the impact of global slowdown and employee's wrath due to unpaid salaries and other legal issues related to provident fund.
Apparel and accessories player Cantabil International is preparing to set up 280 outlets of its 'Cantabil' and 'Lafanso' brands across the country by March 2010. 
