Retail sales record 5 per cent rise in January
The latest survey by the Retailers Association of India Retail shows retail sales in India recorded a 5 per cent growth in January this year compared to previous year sales
- MUMBAI — Retail sales in India recorded a 5 per cent growth in January this year
compared to the sales in January 2024, according to the latest survey released
by the Retailers Association of India (RAI).
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- Across categories, food and grocery registered the highest
growth of 13 per cent, followed by consumer durables and quick service
restaurants (QSR), each showing growth of 6 per cent compared to the January
2024 period last year, indicating a rise in consumer spending in these
categories.
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- The survey shows that West India registered the highest
growth in retail sales at 7 per cent, while North and South India each recorded
a 5 per cent rise. East India lagged behind the other regions with a growth
rate of 4 per cent.
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- “RAI’s survey shows 5 per cent retail growth in January, led
by food & grocery at 13 per cent. The Union Budget 2025’s income tax
exemption limit of Rs 12 lakh provides relief to retailers after last year’s
slowdown,” said Kumar Rajagopalan, chief executive officer of RAI.
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- “Consumer choices, however, vary widely. Retailers must
adapt to these shifts, understand evolving preferences, and build the right
operating model to stay competitive,” he added.
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- The apparel and footwear sectors recorded a 4 per cent
growth, while the jewellery segment grew by 3 per cent. Beauty and wellness,
along with sporting goods, saw a 2 per cent increase, while the furniture and
furnishing segment recorded the lowest growth at a mere 1 per cent.
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- The retail sector in December 2024 registered a sales growth
of 5 per cent compared to the same festive month of the previous year.
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- In December, South India recorded the highest sales growth
at 6 per cent, while West and North India each recorded a 5 per cent increase.
The sales growth in East India showed a growth of only 4 per cent.
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- RAI is the apex body of retailers in India and works with
all the stakeholders to create the right environment for the growth of the
modern retail industry in India.
