Blitz Bureau
NEW DELHI; As household consumption expenditure on goods and services surged with rising disposable incomes, the country saw a significant 5 per cent growth in retail sales in the month of June.
According to a survey by the Retailers Association of India (RAI), South India led the regional growth with 7 per cent spike, followed by North and East India at 5 per cent rise, respectively, and West India showing 4 per cent rise. The footwear and apparel and clothing sectors each registered a 4 per cent growth.
“With the upcoming festival season and a promising monsoon, we anticipate further improvement in consumer sentiment and retail sales,” said Kumar Rajagopalan, CEO of RAI. The report showed a robust performance across various sectors, particularly in discretionary items, boosted by end-of-season sales.
According to a recent survey by the Ministry of Statistics, household consumption expenditure on goods and services is rising in both rural and urban areas. The monthly per capita household consumption in rural India jumped by over 40 per cent in 2022-23, after adjusting for inflation, compared to the corresponding figure recorded for 2011-12, according to the survey.
