India sees 5% retail sales growth in June 2024: RAI

South India led the regional growth with a notable 7 per cent increase, followed by North and East India, each seeing a 5 per cent rise, and West India experiencing a 4 per cent increase.

Kumar Rajagopalan, CEO of RAI, commented on the positive trend: “Retailers saw a 5 per cent growth in June 2024 compared to the same period last year, indicating positive consumer spending trends. South India led with a 7 per cent increase, while the QSR sector grew by 8 per cent. End-of-season sales in discretionary items also contributed. With the upcoming festival season and a promising monsoon, we anticipate further improvement in consumer sentiment and retail sales."

The survey indicates a robust performance across various sectors, particularly in discretionary items, boosted by end-of-season sales. The RAI anticipates that the upcoming festival season and a promising monsoon will further elevate consumer sentiment and retail sales.

ALCHEMPro News Desk (KD)