: Retail business continues to boom with 23% growth compared to prepandemic levels #FinanceIndia #StockMarketNEWS Retail business continues to boom with 23% growth compared to pre-pandemic levels Mumbai,

@StockMarketNEWS Tue 17 May, 2022

Posted in: #FinanceIndia #StockMarketNEWS

Retail business continues to boom with 23% growth compared to prepandemic levels #FinanceIndia #StockMarketNEWS
Retail business continues to boom with 23% growth compared to pre-pandemic levels Mumbai, May 14 (KNN) The retail business across India has reported a growth of 23 per cent in sales as compared to pre-pandemic levels (April 2019) in April 2022.

As per the 27th edition of the Retail Business Survey by the Retailers Association of India (RAI) with growth rate of 23 per cent the positive trend continues for the sector.

Speaking about the findings, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “It is heartening to see that customers are back in the stores, shopping and retailers are witnessing quantity growth in sales. While most of the categories have shown good performance, it is important to note that about 10 per cent of this growth can be accounted to inflation.”

Hoping that this continues since the headwinds, thanks to inflation, could act as a dampener for the upward trajectory, he added.

As compared to the pre-pandemic sales level in April 2019, retail businesses across regions have indicated growth in April 2022.

With sales in North India indicating growth of 32 per cent, West India showing growth of 24 per cent, East India and South India reporting growth of 18 per cent each.

Sales across categories continue to indicate steady growth, although, Beauty & Wellness category is yet to come out of the red. (KNN Bureau)

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