Retail sales in India grow by 9% in November: RAI
Signaling improvement in business albeit worries around Omicron variant spread and the third wave of the pandemic, the Retailers Association of India (RAI) in its latest report has showed that retail sales in India in November grew by 9 per cent over the pre-pandemic levels of the same month in November 2019
The industry body RAI further said that West India signaled 11 per cent increase, followed by East and South India at 9 per cent while North India indicated a growth of 6 per cent each as compared to sales levels in November 2019.
According to the report, in terms of categories, consumer durables and electronics, which did not show great growth in October, showed a good growth of 32 per cent in November as compared to the same month in 2019 on the back of Diwali sales, while the sports goods category reported a growth of 18 per cent and apparels indicated a consistent growth at 6 per cent compared to November 2019.
Besides, RAI said that food and groceries, and quick service restaurants (QSR) continue to indicate growth, while other categories such as footwear, beauty, wellness and personal care, and furniture are inching towards recovery.
