India records decent growth in retail business during February: RAI

India records decent growth in retail business during February: RAI

15 March 2022, Mumbai:

India’s retail business grew 10 percent in February this year compared to the same month last year, as per the latest survey by the Retailers Association of India,( RAI ).

Sales in West India grew 16 percent against the same month last year while in East India it grew 4 percent and North India sales grew 17 percent as compared to February last year.

 

ALSO READ: January retail sales restricted to 91 per cent of pre-pandemic levels: Retailers Association of India (RAI)

Similarly, sales in South India grew 4 percent against February last year, it added. Kumar Rajagopalan, CEO, RAI, said, the growth shown is not adjusted to inflation and some categories may not get back quantitative growth.

Categories such as consumer durables and electronics, food and groceries, and QSR may grow 28 percent, 19 percent, and 16 percent, respectively. Apparels and footwear categories may also grow in double digits, he adds.

However, inflation and the war situation in Ukraine may impact business positivity, Rajagopalan warns.

 

RELATED ARTICLE Retailers Association of India (RAI): Use Hospitalisation Trend for Curbs against Covid19

Join our community on Linkedin 

CREDITS: a survey by the Retailers Association of India,( RAI ).

Author’s Posts

  • 62nd JOINT TECHNOLOGICAL CONFERENCE

    To be inaugurated by: Hon’ble Minister of Textiles, GoI, Giriraj Singh

    Oct 16, 2024

  • Brazil cotton over-reliance on exports!

    Marcelo Duarte Monteiro, Director ABRAPA who is based out of Singapore delivered a s...

    Oct 09, 2024

  • The 3rd Global Cotton Conference

    The 3rd Global Cotton Conference is just around the corner, scheduled for October 7, 2024, at La Shan...

    Oct 01, 2024

  • NISTI-IIT Delhi Joint Conference on Sustainability in Textiles and Clothing

    Emerging Trends in Fibers, Fabrics, Processes, and Fashion

    Sep 30, 2024

  • ICAHT-2024: OGTC

    23 September 2024, Mumbai

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex