15 March 2022, Mumbai:
According to the latest business survey by the industry body Retailers Association of India (RAI), the rise witnessed last month marks a growth of 6 percent compared to February 2020.
According to the latest business survey by the industry body Retailers Association of India (RAI), the rise witnessed last month marks a growth of 6 percent compared to February 2020.
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Retail businesses across regions have indicated growth in February 2022, with sales in West India growing 16 per cent against the same month last year, RAI said in a statement.
East India saw a growth of 4 per cent against the year-ago month, while North India grew 17 per cent as compared to February last year.
Similarly, South India also witnessed a growth of 4 per cent against February last year, it added.
Commenting on the findings, RAI CEO Kumar Rajagopalan said, “While the data shows that retail businesses are inching towards normalcy, we need to consider that the growth shown is not adjusted to inflation and the possibility is that some categories are yet to get back quantitative growth”.
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CREDITS: retail.economictimes Business Standard daily excelsior (The news article has not been edited by DFU Publications staff).
