look news india
Mumbai: Retail sales in the country grew five per cent year-on-year in September this year, while sales are expected to increase in October due to the Dussehra-Diwali festivities.
According to Retailers Association of India (RAI) sources, retail sales in the northern region of the country grew by seven percent last month, while the rate was five percent in western and southern India and four percent in eastern India. Increase in sales.
Segment wise, food and grocery saw the highest sales growth at 12 percent. Compared to September last year, jewelery sales increased by eight percent. Overall, India's economy is strong and conditions are favorable for the retail sector, Rai CEO Kumar Rajagopalan said in a statement.
He expected to see an increase in retail sales in view of the festivals in October after a slowdown in the April to September period.
