ENA Economy 2022-04-12 11:44:25 <p><strong>New Delhi, April 12 (KNN)</strong> Retail business in March 2022 increased by 28 per cent as compared to the sales level in March 2021 (YoY).</p> <p>When put against the sales level of March 2019 the growth is at 12 per cent, as per the latest RAI survey.</p> <p>The Retailers Association of India (RAI) released its 26th edition of the Retail Business Survey on Tuesday.</p> <p>Sharing his views on the findings, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, The removal of pandemic-related restrictions has resulted in all-round growth of retail businesses across regions and categories including categories that were hitherto showing weak sales like garments and footwear.</p> <p>However, when we look at the performance, one needs to factor in the inbuilt inflation in most products like garments, electronics and some FMCG products, he added.</p> <p>With regards to regional sales growth in March 2022, West India showed the highest rate of growth at 37 per cent (Y-o-Y), with North India at the second position with a growth of 28 per cent (Y-o-Y).</p> <p>East India indicated a growth of 26 per cent (Y-o-Y), and South India indicated 21 per cent (Y-o-Y), said the report.</p> <p>Retailers are hopeful that quantitative growth will be restored and business will be back on a steady growth trajectory in FY 2022 as restrictions are lifted and consumers are stepping out to catch up on their social lives, stated the survey. <em><strong>(KNN Bureau)</strong></em></p> 28890 https://knnindia.co.in/news/newsdetails/economy/retail-business-in-march-grew-by-28-compared-to-last-year-rai-survey 2022-04-12 11:44:25 knnindia.co.in