Inflation moderation key to sustain retail sales growth: Retail body chief

Kumar Rajagopalan of Retailers Association of India sounds hopeful that the industry will grow by 20% in the Oct-Dec wedding season

Retail businesses across India clocked in a 20 per cent sales growth during the April-October period over pre-pandemic levels but the next few months will indicate whether or not the recovery has sustained, said Kumar Rajagopalan, chief executive officer, Retailers Association of India (RAI).

The first seven months of the financial year have seen a sales growth of 20 per cent over 2019, according to the association. “If we are able to grow at 20 per cent in October-December--the marriage season--then we will be okay,” said Rajagopalan.

He was speaking on the sidelines of the RAI Kolkata Retail Summit. But