Demand for retail products decreased internationally during the Covid-19, and companies in India faced a difficult two years. The pandemic resulted in a slowdown of the retailer's function as consumer rates decreased. Retail revenue fell by 20 per cent on average year over year in FY2021. Most firms' income steadily recovered over the year. Throughout the year, cost-cutting initiatives were implemented to help manage cash flow. The majority of firms' gross margins decreased. Companies stated that some talks are underway over the limits imposed during the Covid-19 second wave, which began in mid-march 2021. However, significant cuts from already low levels look improbable.