Question : RAI surveystands for —
(a) Retailers Association of India
(b) Rescuer’s Association of India
(c) Raders Association of India
(d) None of the above
Answer (a)
Related facts
- RAI (Retailers Association of India) survey result released on May 2021.
- Findings
- As India battles the severe second wave of Covid-19 and states undergo lockdowns, retailers across the country have witnessed a sales de-growth of 49 per cent in April compared to the same period of 2019.
- In March, the nationwide sales de-growth was recorded at 12 per cent.
- Region-wise, western India was the most impacted in April with a contraction of 72 per cent, followed by 45 per cent in the north.
- South and eastern India witnessed a contraction of 40 per cent and 38 per cent, respectively, in retail sales last month.
- Among the sectors, sales of sports goods and footwear contracted by 66 per cent and 61 per cent, respectively, followed by a 59 per cent de-growth in both jewellery and beauty, wellness and personal care categories.
- Other categories – food and grocery, apparel and clothing, quick service restaurant and consumer durables and electronics — witnessed a sales contraction of 49 per cent, 47 per cent, 45 per cent and 31 per cent, respectively.
By – Pankaj Pandey
Link:
https://www.dailypioneer.com/2021/business/retailers-witness-massive-sales–de-growth–rai-survey.html