The sector recorded a modest 7% growth between October 7 and December 1, compared to the same period last year. This fell short of the anticipated 10% growth, as revealed in RAI's 56th Retail Business Survey.
"Consumption growth has been subdued throughout the year, prompting retailers to boost business through promotional offers and encouraging festive purchases," said Kumar Rajagopalan, CEO of RAI.
This story is from the December 31, 2024 edition of Financial Express Chennai.
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This story is from the December 31, 2024 edition of Financial Express Chennai.
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