_large.jpg)
13 January 2022, Mumbai:
Compared to the pre-pandemic levels of 2019, India’s retail sales grew by 7 per cent in December last year. However, the pace of this growth in later weeks slowed due to the third COVID-19 wave. As per the estimates of Retailers Association of India, the Indian retail industry grew by 26 per cent last month compared to December 2020.
Growth across beauty, wellness and personal care categories dropped by 7 per cent compared to the pre-pandemic sales in December 2019, says Kumar Rajagopalan, CEO, RAI. Growth in the furniture and furnishings category also declined by 5 per cent. Sales across consumer durables and IT products, sports goods, jewellery, footwear, and apparel and clothing declined, although these were still in positive territory, Rajagopalan added.
RAI appealed to the central government to instruct state governments to refrain from imposing restrictions based on positivity rate and consider hospitalizations as the criteria to determine the severity of restrictions instead as most of the country’s population is vaccinated. This will avoid unnecessary panic among citizens and businesses while minimizing the impact on livelihoods, it added
Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.
DAILY NEWS:
