Retail sales surge in India amid high disposable incomes, rising consumption ...Middle East

New Delhi: As household consumption expenditure on goods and services surged with rising disposable incomes, the country saw a significant 5 per cent growth in retail sales in the month of June. According to a survey by the Retailers Association of India (RAI), south India led the regional growth with 7 per cent spike, followed by north and east India at 5 per cent rise, respectively, and West India showing 4 per cent rise. The footwear and apparel and clothing sectors each registered a 4 per cent growth. “With the upcoming festival season and a promising monsoon, we anticipate further improvement in consumer sentiment and retail sales,” said Kumar Rajagopalan, CEO of RAI. The report showed

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Last updated : 19 July 2024 clock 11:42 AM

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Retail sales surge in India amid high disposable incomes, rising consumption ...Middle East

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