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Published
Nov 15, 2021
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Indian retailers witness 34 percent growth in October, RAI survey

Published
Nov 15, 2021

Indian retailers witnessed a 34 percent growth in October 2021, as against the same month last year, according to the Retail Business Survey conducted by the Retailers Association of India (RAI).
 

Indian retailers witness 34 percent growth in October, RAI survey


The jewellery category witnessed 24 percent growth while apparel grew by 6 percent on the back of strong festive season sales. RAI expects the beauty and footwear segment to recover over the next few months.
 
Region-wise, West India witnessed 23 percent growth, followed by East India at 13 percent while North and South India grew 10 percent each.

“The October survey has revealed encouraging results. To understand the complete impact of the festival season on retail sales, it is essential to see the figures for October and November combined. We would await the results for November to draw definitive conclusions. However, all the signs indicate a positive trend,” in a statement said Kumar Rajagopalan, CEO at RAI.
 
Retailers in India witness peak sales from October which marks the onset of the festive season in the country. RAI is expected strong sales in the coming months due to the ongoing festive and wedding season.

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