India's June retail sales up 8% YoY, apparel leads

Among categories, apparel and sporting goods led with 10 per cent growth each during the period. Footwear registered a growth of 7 per cent, while furniture and furnishings grew by 8 per cent.

Regional data shows that West India recorded the highest year-on-year growth at 10 per cent. North India posted a 9 per cent rise, followed by South and East India, with growth of 7 per cent and 4 per cent respectively, RAI said in a press release.

Kumar Rajagopalan, CEO of RAI, said, “Retail sales grew by 7 per cent in May and 8 per cent in June, following nearly a year of 4–5 per cent year-on-year growth. The festive season begins at the end of August, which may influence how demand evolves. Retailers have a sharp focus on the way consumers are buying non-discretionary goods. Non-discretionary spending creates hope for the consumption market.”

ALCHEMPro News Desk (KUL)