kolkata trading sector in india both retail and the wholesale remains vibrant and will drive the growth of countrys gross domestic product gdp in the current fiscal even in the midst of overall economic slowdown an assocham analysis has shown it is no surprise that the global investors are so keen on enter the indian retail market of 120 crore people the study conducted by the associated chambers of commerce and industry of india assocham based on the credit deployment data of the reserve bank of india rbi clearly noticed vibrancy in the retail and the wholesale trade the credit growth in the trading sector was 26 in june 2012 as compared to the same month in the previous fiscal while the wholesale trading absorbed credit expansion of 30 per cent the retailers borrowing increased by 21 on the other hand there are industry subsegments like consumer durables where the credit showed degrowth of over 26 per cent while it is true that consumer durables do form a critical part of the retailing the latter is expanding at a rapid pace all the same i think the trading is growing and will continue to grow because our main strength is our 120 crore people they provide a huge market if not in consumer durables or commercial space or real estate in the food articles and several essentials said the assocham president rajkumar dhoot he said it was no surprise that there is so much pressure on the government from the global investors to open the indian retailing sector this sector seems to be largely immune to the slowdown because unlike in the west where the retailers depend so much on the high end consumer durables in india this market is driven by essentials in a way this feeds itself into a positive territory dhoot said the credit deployment in different industry segments also throws a telling story the large industries showed a robust annual credit growth by 238 against 227 in june 2012 while the bank money in the small scale sector did grow by 123 there was not much change from 118 in the same month last fiscal according to the assocham study however it is the medium industries which seem to have lost the pace of its growth engine the credit deployment in this segment grew by just about seven per cent in june 2012 as compared to a big 32 per cent in the same month last year the figures show that while the small units have remained dormant for the last few years the medium sized industries have come under the pressure of the slowdown most of these units are in the manufacturing and in the export sectors which are hit by global events as well added the assocham chief the other sector which has lost appetite for investment is the commercial real estate the credit use in this area has shown only four per cent expansion in june in the current financial year than 23