The 38th edition of the Retail Business Survey by the Retailers Association of India (RAI) indicates that sales in March 2023 showed growth of 6 per cent as compared to the sales levels during the same period in March 2022.
Speaking about the findings, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “The Survey indicates a spike in furniture & furnishings and CDIT sales. Retailers are witnessing modest growth. RAI is already in touch with the Government bodies to enable ease of doing business in the country.”
Retail businesses across regions have indicated growth in sales as compared to March 2022 sales level with East India signaling growth of 8 per cent, while South India and West India indicate a growth of 7 per cent and 5 per cent respectively followed by North India at 4 per cent.
In categories, Furniture & furnishings reported a growth of 13 per cent followed by Consumer Durables & Electronics (12 per cent). While Food & Grocery and Sports goods showed a growth of 11 per cent each as compared to sales levels in March 2022.