SynopsisRetailers Association of India (RAI) estimates retailers will lose about $5 billion in potential business in Maharashtra in April as a result of the lockdowns. It said Maharashtra accounts for 10 per cent or $85 billion of India’s annual $850 billion retail market.

Sales of automobiles, consumer durables, smartphones and apparel – which have been recovering since the easing of the nationwide lockdown last year – will be adversely impacted with the Maharashtra government announcing a partial lockdown to check the spread of Covid-19 cases, causing disruption in sales around Gudi Padwa, a spring-time festival that marks the traditional new year for Maharashtrians.

Retailers Association of India (RAI)

BY

ET Bureau

7 mins read, Last Updated:

Apr 06, 2021, 07:47 AM IST

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