New Delhi: Indicating a positive trend after recovery from the impact of the COVID-19 pandemic for a long period, retail sales in October grew by 34 per cent over the same month last year, according to the Retailers Association of India (RAI). increased. ,
In the 21st edition of the Retail Trade Survey, RAI said that there was a growth of 14 per cent in October this year as compared to the pre-pandemic levels of October 2019.
“The October survey has shown encouraging results. To understand the full impact of the festive season on retail sales, it is necessary to combine the figures for October and November,” RAI Chief Executive Officer Kumar Rajagopalan said in a statement.
He further said, “We will wait for the results for the month of November to draw a definite conclusion. However, all the signs are indicating a positive trend.
Retail businesses across regions have indicated an increase in sales compared to pre-pandemic levels with 23 per cent growth in western India, followed by eastern India at 13 per cent, while north and south India grew 10 per cent each. growth is indicated. Sales levels in October 2019, RAI said.
In terms of categories, the RAI survey found that the jewelery segment has shown significant improvement with a growth of 24 per cent as compared to the sales level in October 2019.
RAI said the apparel category also grew by 6 per cent, while food and groceries, and quick service restaurants (QSR) grew by 31 per cent and 29 per cent, respectively. Read also: Sensex rises 767 points, Nifty closes above 18,100
RAI said, “As the country has immunized over one billion citizens, the retail industry is hopeful of setting a steady pace of recovery during the current festive quarter. Optimism is visible as retail chains expand across the country. has started again.” Read also: Rakesh Jhunjhunwala Portfolio: Big rally on this stock, should you invest?
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