New Delhi, 29 June (IANS). India’s retail sector is moving rapidly and it is expected to grow at a rapid pace in the coming months, this information was given by the Retailers Association of India (RAI).
Currently, the value of India’s retail sector is around $ 900 billion.
According to RAI, the country’s retail sector is currently growing at a rate of 5 percent, soon it will gain momentum and will reach the growth rate of 9 to 10 percent.
RAI CEO Kumar Rajagopalan said that immediately after the epidemic, the retail sector made a strong comeback with a 20 percent growth rate.
“However, the growth rate in the last one year slowed down to about 5 percent. But, now, with consumers spending more and right consumer base, this sector is once again indicating rapid development.”
According to RAI’s 62nd retail business survey, retail sales across India in May 2025 increased by 7 percent compared to the same month of the previous year.
This is a significant improvement after a moderate increase of 4 to 5 percent in sales for several months.
On a region -wise basis, South India gained the highest lead in May with a 9 percent increase in retail sales.
According to the report, retail sales in western India increased by 7 percent, while northern and eastern regions recorded an increase of 6 percent and 4 percent respectively.
In various segments, Quick Service Restaurant (QSR) has shown the highest growth of 10 percent. Along with furniture, consumer durables and electronics also performed well with an increase of 8 percent.
Rajagopalan said that this growth shows that people are now ready to spend more. Improvement in consumer sentiment can further increase retail sales and in the near future the region can get closer to double digits growth.
-IANS
ABS/
