The Retail Association of India (RAI), in its 56th Retail Business Survey report released, reflected a secular rise of 7% surge in the Indian retail sector amid the festive season when consumer sentiments remain bullish (October-December 2024). Notably, this growth is on the expected lines of the trade experts, and the numbers more or less align with the anticipated figures as a testament to the sustained growth trajectory vs. the corresponding period in 2023.
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Reacting to the survey, Kumar Rajagopalan, RAI's CEO, said unequivocally, "There is a challenging business environment retail is navigating through currently, but I concur with most of the trade experts in terms of future optimism in the retail sector's future prospects, emphasizing that he remains optimistic and constructive on this sector."