The latest Retail Business Survey conducted by the Retailers Association of India (RAI) reveals a promising 8 percent increase in Indian retail sales in March 2024 compared to the same month last year. This surge in sales signals a robust recovery in the retail sector, particularly driven by strong discretionary spending on apparels and sporting goods.
India's business environment is exhibiting promising signs of growth, as revealed by the latest Dun & Bradstreet Composite Business Optimism Index for the second quarter (Q2) of 2024, standing at 75.9. This marks a notable 4.2 per cent increase from the first quarter, signaling a strengthening economic outlook for the nation.
Pakistan's textile industry has long been a cornerstone of its economy, and recent figures released by the Pakistan Bureau of Statistics (PBS) underscore its continued significance. During the first nine months of the current financial year (2023-24), textile exports brought in a substantial $12.44 billion for the nation. Despite a marginal decline of 0.25 percent compared to the same period last year, the sector remains a vital contributor to Pakistan's export revenue.
Pakistan's textile sector, a cornerstone of the country's economy, witnessed a modest growth in exports during March, despite facing several challenges. According to data released by the Pakistan Bureau of Statistics (PBS), textile exports recorded a meager increase of 3.29 percent to $1.299 billion in March compared to the same period last year. However, on a month-on-month basis, exports dipped by 7.67 percent, reflecting the volatility and complexities within the industry.
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