Union Budget: Reading The Signals For India’s Retail Sector
Budget 2026–27 provides an enabling framework rather than direct support for retail, writes Kumar Rajagopalan, Chief Executive Officer, Retailers Association of India
Budget 2026–27 provides an enabling framework rather than direct support for retail, writes Kumar Rajagopalan, Chief Executive Officer, Retailers Association of India
Regionally, retail growth in December 2025 remained broad-based, with the west recording the strongest performance at 14 per cent
In an interview, Kumar Rajagopalan notes that retailers see clear business opportunities and are hopeful of returning to double-digit growth, but are far more measured than in the past
The recommendations include recognising food and beverage (F&B) retail as a priority and essential service, expediting formulation and implementation of the National Retail Policy
Industry data shows that Quick Service Restaurants (QSRs) led the growth charts with double-digit expansion in July, underlining India’s rising preference for eating out and on-the-go dining
Regional data shows that west India recorded the highest year-on-year growth at 10 per cent
The industry body states that regional data shows that south India recorded the highest year-on-year growth at 9 per cent
In terms of categories, quick service restaurants (QSR) registered the highest growth of 11 per cent
Led by food and grocery, retail sales have marked a six per cent rise in March on a year-on-year (YoY) basis
North India experienced the highest sales growth at five per cent during the month, followed by a four per cent increase registered by West India