Shoprite a popular Super Market in the North East, atleast in NY, NJ, PA, CT .

Imagine a Shoprite, with same layout and sections, displaying RICE in huge open containers, Vegetables in containers for Indian Cooking, Cafeteria counter serving Bhelpuri, Samosa, Kachori, Sandwiches, Dosas,…etc along with all indian non veg dishes. Displaying processed meat in the cold storage section and a separate counter for Veg Cold storage products like Malai Paneer, Taaza Milk, Lassi, Butter Milk etc.. Add to this an exclusive Indian sweets counter, a la Brijwasi sweets shop type.

Yes this Shoprite exists in Mumbai at Nirmal Lifestyle and I am not sure if the owners are the same but the layout and products displayed are absolutely the same. It surely gives a NJ Shoprite feeling with all Indian flavours.

I wonder why Shoprite can’t have same format in NJ with a Indian flavour. I am sure this will give Patel Bazaar a run for money.

Some report from Barclays Bank says that inflation will reach 17% in India. A former economist says one of the big bank is in big time trouble and is expected to declare bankruptcy in next 3 months or so.

Taking cues from the global markets, the sensex is more tanking and if you ask the traders there is no activity at all as everyone is squaring too quickly.

Real Estate activity has cooled off, small builders are facing the interest burden and are not able to offload their inventory. Banks have started financing new products,..like the iphone in India.

It is a recession card played everywhere. Real test of the inflationary pressure will be seen during Diwali festival time and thats a checkpoint for real estate prices too.