Retail businesses across India reported a growth of 13 per cent in sales in June 2022 as compared to pre-pandemic levels (June 2019), according to the 29th edition of the
Retail Business Survey by the Retailers Association of India (RAI).
The growth in sales compared to June 2019 is noticeable across regions too with sales in east India growing by 17 per cent, north India by 16 per cent, west India by 11 per cent, and south India showing a growth of 9 per cent.
Furthermore, the sales across categories show a steady increase with sports goods and jewellery performing slightly better than the other categories and Quick Service Restaurants, footwear and apparel recording a stable growth in June 2022.
Retail businesses across India reported a growth of 13 per cent in sales in June 2022 as compared to pre-pandemic levels (June 2019), according to the 29th edition of the Retail Business Survey by the Retailers Association of India. Sales in east India grew by 17 per cent, north India by 16 per cent, west India by 11 per cent and south India by 9 per cent.#
Speaking about the findings, Kumar Rajagopalan, CEO, RAI, said, “While June 2022 has witnessed growth as compared to the same period before the pandemic, the rate of growth has definitely slowed down. Many retailers have indicated that the second half of June was not very encouraging as there weren’t too many celebratory occasions such as weddings to drive sales. The headwinds of inflation on consumer spending are still a worry and may impact the upcoming festive fervour. We will have to wait and watch how the next two months will pan out.”
Fibre2Fashion News Desk (KD)
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