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

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.