Retail trade slumps 64% in first fortnight of July

New delhi date. 23 July 2020, Thursday

In the first fortnight of July, Indian retailers' sales declined by 8% year-on-year. The adverse effect on their trade has continued due to the impact of Corona. According to a survey conducted by the Retailers Association of India (RAI), there are no signs of recovery from the impact of Kovid-12 for the retail sector.

The Corona epidemic has had a serious impact on the country's retail sector. The survey, conducted between July 1 and 12, found a modest improvement over the entire month of June. Retail trade fell 3 per cent in June. The survey is conducted every month by Rai, who represents the country's modern retailers. April saw a 5 per cent drop in retail trade.

Strict lockdowns were imposed in India in April-May to prevent the spread of corona.

According to the latest survey, there has been a modest improvement in food and grocery and consumer durables. While the apparel segment continues to decline sharply.

Retailers are getting confused due to the temporary lockdown imposed locally.

Such lockdowns have resulted in supply disruptions and staffing issues, a Rayna official said.

Locally imposed lockdowns are having a serious impact on trade and have turned the tide on hopes of recovery. The government has also approached the local government administration to allow retailers to keep their shops open till late to increase trade.

It has also demanded that retailers such as grocery stores, general stores, supermarkets be allowed to operate every day of the week.

In view of the increasing number of corona cases in the country, lockdowns are being implemented in various cities as per the situation.