Retail spending goes up 12 percent in September, driven by strong revival in rural India

The biggest increase was seen in spending related to ecommerce, fast-moving consumer goods (FMCG), consumer durables, insurance, utility payments, healthcare, logistics and transportation, which surpassed January levels. CMS said it gathered the data by tracking cash movements in 98% of the country’s districts from 53,000 retail points and 62,000 ATMs it services.


Leave a Reply