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Green shoots of recovery visible in retail business, says RAI survey

The association said it had conducted a survey among its members and found that the decline in retail business had narrowed to 31 per cent in October

Green shoots of recovery visible in retail business, says RAI survey
Among categories, consumer durables have recovered sharply, showing 8 per cent sales growth in October
Viveat Susan Pinto
1 min read Last Updated : Nov 12 2020 | 12:31 AM IST
Greet shoots are beginning to show in the domestic organised retail market, with sales improving month-on-month, the Retailers Association of India (RAI) said on Wednesday.

The association said it had conducted a survey among its members and found that the decline in retail business had narrowed to 31 per cent in October versus a 50 per cent fall seen in the July-September period and a 78 per cent drop witnessed in April-June.

Among categories, consumer durables have recovered sharply, showing 8 per cent sales growth in October versus 2 per cent growth in September.



Topics :Retail sectorretailersretail market