In comparison to the same festive period last year (December 4, 2023, to December 31, 2023), the retail industry grew by 5% between December 2, 2024, and December 29, 2024, according to the Retailers Association of India’s (RAI) 57th Retail Business Survey. The report identifies major trends influencing distinct retail markets in the nation’s diverse regions.
According to Retailers Association of India (RAI) CEO Kumar Rajagopalan, “RAI’s survey indicates 5% growth in December.” Discretionary spending is still being impacted by inflation and other financial commitments, such as EMIs. Although sectors like clothing and jewelry saw modest growth during the wedding season, total consumption is still low. Interestingly, QSR is exhibiting early indications of revival, providing hope for the industry. The retail sector is hoping for measures that combat inflation and increase customer confidence in the next Union Budget.
According to the poll, sales growth in South India was the highest at 6%, while increases in West and North India were each 5%. Just 4% growth was seen in East India.
When compared to the December 2023 period of the previous year, QSR had the largest rise of 10% among the categories, followed by clothing, food & grocery, and sports items, all of which had 7% growth.
