The Retailers Association of India (RAI), in the 30th edition of the Retail Business Survey,has indicated that in July 2022, retail businesses across India reported a growth of 18 per cent in sales as compared to pre-pandemic level during July 2019.
Kumar Rajagopalan, CEO, RAI, mentioned speaking about findings, “Retail businesses across the country are looking good as healthy growth in sales over pre-pandemic level continues. Key categories like garments and footwear are showing traction. Considering this trend, retailers expect a good festive season, which could bring cheer to businesses.”
In July 2022, the growth in sales compared to pre-pandemic time (July 2019) is noticeable across regions too with sales in East India growing to 25 per cent, South India showing a growth of 21 per cent, North India indicating 16 per cent and WestIndia showing a growth of 10 per cent.
The report further said that sales across product categories show a steady increase with sports goods indicating a strong performance followed by footwear, apparel and jewellery performing better than other categories in July 2022.