Based on its most recent survey, the Retailers Association of India (RAI) revealed that retail sales in March increased by 6 per cent annually as compared to the same month in 2024. At a time when conditions surrounding international commerce are still uncertain, the poll results indicate stable domestic demand.
The apparel and clothing category grew by 6 per cent year over year, while the footwear sector grew by 2 per cent in terms of sales.
The study also shows that retailers have a cautious but stable outlook, with no notable declines in consumer spending. Current trends indicate that domestic spending is mostly untouched by global trade tensions, while worries about their wider effects persist, according to RAI.
Retail companies in India are a reflection of growth, according to a statement from RAI CEO Kumar Rajagopalan. Double-digit growth is still elusive for the industry, though. Although consumers are frugal with their money, they are prepared to spend it on things that are new and ambitious. According to him, no category has been experiencing consistent growth month after month since discretionary spending keeps moving from one to another.
