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North, south markets lead India’s retail recovery, says survey

September 15, 2021 12:47 PM

UP investments show double-engine govt benefits, PM Narendra Modi
North, south markets lead India's retail recovery, says survey, Risk sentiment that boosted Asian markets weakened in European hours as investors.

After a massive disruption during the second wave of Covid-19, North, south markets lead India’s retail recovery, says survey retail activities in the country have started recovering steadily. A recent survey report by Retailers’ Association of India shows that in spite of significant impact of the second wave in May and June, markets in north and south India have seen a fast recovery to pre-Covid levels, while West continues to reel under the extended wave.

Food and groceries and quick service restaurant sectors have surpassed 2019 levels. Even sectors such as sports goods, apparels and clothings have regained much of the lost ground just ahead of the festive season.

Also Read: UP investments show double-engine govt benefits: PM Narendra Modi

Indian indices closed flat on Tuesday. North, south markets lead India’s retail recovery, says survey, Risk sentiment that boosted Asian markets weakened in European hours as investors weighed China’s better-than-forecast trade data against the threat of a reduction in central-bank support.

India’s domestic air traffic registered about 31% sequential growth during August at about 6.6 million passengers, compared with 5 million passengers recorded during July, rating agency Icra Ltd said in a statement. “The airlines’ capacity deployment for August 2021 was around 99% higher at about 57,500 departures, as against 28,834 departures in August 2020,” Icra said in a statement.

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