August Growth News Today : Breaking News, Live Updates & Top Stories | Vimarsana

According to a survey by the Retailers Association of India (RAI), retail sales in August 2023 grew by 9% compared to the same period last year. Apparel sales rose by 8%. QSR and jewellery saw growth of 14% each, while food & grocery grew by 13%. Retailers are expecting double-digit growth in the upcoming months due to the festive season. South India experienced the highest growth at 15%, potentially due to Muhurtham Days, weddings, and the Onam festival. QSR and jewellery reported the highest growth in categories at 14%.

Retail Sales Growth: According to a survey by the Retailers Association of India (RAI), retail sales in August 2023 grew by 9% compared to the same period last year. Apparel sales rose by 8%. QSR and jewellery saw growth of 14% each, while food & grocery grew by 13%. Retailers are expecting double-digit growth in the upcoming months due to the festive season. South India experienced the highest growth at 15%, potentially due to Muhurtham Days, weddings, and the Onam festival. QSR and jewellery reported the highest growth in categories at 14%.