India retail trade grew 13.3% in May as services momentum broadened
MOSPI’s trial services index found 16 of 19 formal services sub-sectors posting year-on-year growth in May. Retail trade rose 13.3%, while accommodation and food services grew 27.4% and warehousing and transport support services increased 11.5%.
MOSPI’s trial services index showed broad May momentum, with retail trade up 13.3% year-on-year and accommodation and food services up 27.4%. Warehousing and transport support rose 11.5%, indicating continued demand strength across consumer-facing services.
Why this matters
MOSPI's recent-signal pattern cannot be assessed because no related recent signals were provided.
Footfall is steady, with 511 signals in the past 90 days; no QoQ comparison was provided.
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- Forbes India — 1h after first sighting