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Can Underwear and T-shirts predict a recession?

Finshots Daily

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Vima's Underwear and T-Shirt Sales Aren't Predicting a Recession in India

In f vy 22, the average bill size for apparel at we mart actually increased by 21% to 200 and forty four rupees. This is despite wemart raising prices for his apparel by around 17 % in f vi 22 due to higher cotton yarn prices. So if underwear and te shirt sales aren't predicting a recession in india, what o these numbers indicate then? Well, it's hard to say for certain. Perhaps we will have to wait and see what the figures for april and june will look like. While jockey india reported some stellar sales numbers, their volumes, which the total pieces sold, has been shrinking of late.

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