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Retailer Organization Says Retail Sales Reached 95 Percent Of The Pre Covid Level In The Domestic Market In September

Business Desk, Amar Ujala, New Delhi

Published by: Kuldeep Singh
Updated Thu, 14 Oct 2021 02:04 AM IST

Summary

Rye CEO Kumar Rajagopalan said retail sales were down just 4 per cent as compared to September 2019. The highest increase of 33 per cent was in South India, while 30 per cent in the eastern region, 26 per cent in the western region and 16 per cent in North India.

The Association of Retailers (RIE) on Wednesday claimed that sales in the domestic market in September have reached 95 per cent of pre-Covid levels, compared to 26 per cent growth in September last year.

Rai said, 26 percent faster than September, 2020
Rye CEO Kumar Rajagopalan said retail sales were down just 4 per cent as compared to September 2019. The highest increase of 33 per cent was in South India, while 30 per cent in the eastern region, 26 per cent in the western region and 16 per cent in North India.

Sales across all business segments are picking up ahead of the festivals and are expected to surpass pre-Covid levels next month. The number of hotel, restaurant goers is increasing continuously, while the sales of sporting goods, clothing and other essential products are also showing a jump. Festivals like Dussehra-Diwali can give a new impetus to the market.

Cement production increased by 44 percent in 5 months
Cement production has jumped 44 per cent in the last five months on the back of reforms in the real estate sector and increased housing sales. Domestic rating agency Icra said on Wednesday that even compared to April-September, 2019, cement production has increased by 2 percent to 142 million tonnes. ICRA has projected a 12 per cent growth in cement production in the current financial year, which may be at 332 million tonnes.

Expansion

The Association of Retailers (RIE) on Wednesday claimed that sales in the domestic market in September have reached 95 per cent of pre-Covid levels, as against 26 per cent growth over September last year.

Rai said, 26 percent faster than September, 2020

Rye CEO Kumar Rajagopalan said retail sales were down just 4 per cent as compared to September 2019. The highest increase of 33 per cent was in South India, while 30 per cent in the eastern region, 26 per cent in the western region and 16 per cent in North India.

Sales across all business segments are picking up ahead of the festivals and are expected to surpass pre-Covid levels next month. The number of hotel, restaurant goers is increasing continuously, while the sales of sporting goods, clothing and other essential products are also showing a jump. Festivals like Dussehra-Diwali can give a new impetus to the market.

Cement production increased by 44 percent in 5 months

Cement production has jumped 44 per cent in the last five months on the back of reforms in the real estate sector and increased housing sales. Domestic rating agency Icra said on Wednesday that even compared to April-September, 2019, cement production has increased by 2 percent to 142 million tonnes. ICRA has projected a 12 per cent growth in cement production in the current financial year, which may be at 332 million tonnes.

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