Retail sales up 34 per cent in October: Retailers Association of India (RAI)
15 November 2021, Mumbai:
Retail sales in India grew 34 per cent in October 2021 compared to the same month last year, says Retailers Association of India (RAI’s) latest Retail Business Survey. There was 14 per cent growth when compared to the pre-pandemic levels of October 2019.
Retail businesses across regions have indicated growth in sales as compared to pre-pandemic levels with west India signaling growth of 23 per cent followed by east India at 13 per cent while north and south India indicated a growth of ten per cent each as compared to sales levels in October 2019.
In terms of categories, the jewelry segment had a significant recovery with a growth of 24 per cent as compared to sales levels in October 2019. The apparel category grew by six per cent while food and groceries, and quick service restaurants grew by 31 per cent and 29 per cent respectively as compared to October 2019.
India saw the world’s second-largest Covid-19 outbreak, necessitating back-to-back lockdowns and local shutdowns, which hit trade. The retail industry is hopeful of setting a steady pace of recovery during the ongoing festive quarter. The optimism is visible as retail chains have resumed expansion across the country. This signals a positive trend.
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