India retail sales growth slows to 5% in May as inflation curbs consumer demand
RAI's May survey shows YoY growth easing from 7% in April to 5%, with QSR (9%) and food & grocery (8%) leading while furniture (2%) and electronics (3%) lag. West India outpaces other regions at 6%; shoppers turn value-conscious amid price pressures.
RAI's May business survey shows Indian retail sales grew 5% YoY, down from 7% in April, as inflation tempered demand. QSR (9%) and food & grocery (8%) led; furniture (2%) lagged. West India outperformed; consumers stayed value-conscious.