The report highlights varying trends across different regions and sectors of the retail market in India, but overall growth remains subdued, with many retailers expressing concerns about negative growth on a like-for-like basis.

According to the survey, the retail market in north and south India experienced a sales growth of 3 per cent each, while east and west India saw a smaller increase of 1 per cent each.

Kumar Rajagopalan, CEO of RAI, commented on the findings, stating, “Retail business for the month of August has not shown robust growth over last year. Many retailers have maintained that they have witnessed negative growth on like for like basis. All expectations are that the festive season could bring positive growth since the situation of economy overall is positive.”

Fibre2Fashion News Desk (KD)