The Retailers Association of India (RAI) has reported a 6% increase in retail sales for March 2025 compared to the same month last year, according to its 60th Retail Business Survey. The figures point to steady domestic demand at a time when global trade conditions remain unsettled.
Kumar Rajagopalan, CEO of RAI, said: “Retail businesses in India reflects growth. However, double digit growth is still eluding the sector. Customers are spending cautiously but are willing to spend on aspirational and innovative products. Discretionary spending keeps shifting from one category to another and hence no category has been witnessing steady growth month on month.”
Regional data shows that North and West India recorded the highest year-on-year growth at 8% each. East and South India followed with a 5% rise. Among categories, food and grocery led with 11% growth, while quick service restaurants (QSR) grew by 9%.
The survey also highlights a cautious but steady outlook among retailers, with no significant drops in consumer spending. While concerns remain about the wider impact of global trade tensions, current trends suggest that domestic consumption is largely unaffected.
