Retail businesses grow by 24% in May: Report

Sales in West India grew by 30%, East India by 29%, South India by 22%, and North India by 16%, compared to May 2019

June 17, 2022

Sales in quick-service restaurants grew by 41%

Clothing and apparel as well as sports goods by 24%

Consumer durables and electronics sales grew by 15%

The food and grocery category clocked 23% growth

India’s retail businesses witnessed a growth in sales of 24% during May this year, according to the Retailers Association of India (RAI).

As per the report, sales in West India grew by 30%, East India by 29%, South India by 22%, and North India by 16%, all compared to the same month last year. 

According to experts, sales increased by 23% last month. 

The report mentioned that since outdoor activities are picking up, certain categories are indicating rapid growth. Sales in quick-service restaurants grew by 41%, footwear went up by 30%, and beauty and wellness by 24%. 

The report further added that consumer durables and electronics sales grew by 15%, clothing and apparel as well as sports goods by 24%, and grocery by 23%, compared to the pre-pandemic period of May 2019.

Recent Articles

Tesla to set up production facilities in India and Mexico by 2025

April 25, 2024

Elon Musk has revealed that Tesla’s plans to produce its …

Read More

Jobs listed on govt portal reach 10.9 mn in FY24

April 25, 2024

In the fiscal year 2023-24, job listings on the government’s …

Read More

India’s pharma exports reach US$ 27.9 bn in FY24

April 24, 2024

In the fiscal year 2023-24, India’s drugs and pharmaceuticals exports …

Read More