1214 thousand rupees of crusher! Pubble demand, relief technology, and low inflation to stimulate large festive spending

The Indian economy is expected to witness a great recovery in this festival, with spending on the festival with up to 12-14 rupees, according to a report. This recovery is due to a group of factors, including the embodiment of pent -up demand, low prices, low inflation, and income tax exemption.

According to a report issued by Barouda Bank, the major perennial consumer companies indicated an increase in the front load of the demand. Google Trends also indicated that the demand for elements such as air conditioners, LED/LCD TVs and cars have reached new record levels, in conjunction with the announcement of commodity and services tax discounts.

The BB Bank has analyzed spending trends from 5 to 6 years for the period from October to December, which includes major festivals such as Dussehra, Diwali, Christmas and more.

The report added: “The analysis shows that the total consumer spending related to festivals (including weddings) will range between 12 thousand rupees to 14 thousand rupees. It includes the various sectors that will represent the largest part of this spending clothes, marriage, electronics and cars. Daily consumption commodities such as food and other consumer goods products have been kept outside of this exercise.”

Celebrity spending

The report added that spending on clothes and shoes is expected to reach new levels, accompanied by strong sales in electronics, white goods and cars. This increase also feeds on traditional factors such as family gatherings, events and happy events such as weddings. These expectations provide an insight into the advanced consumption patterns affected by changing commodity and services tax rates, e -commerce growth, and festive spirit, as each sector is preparing to experience distinguished increases in demand.

Clothes and shoes remain a very important field for spending, as Indian consumers often buy new clothes for festive celebrations. Estimates indicate “a possible spending between 2,80,000 rupees to 3,00,000 rupees on clothes and shoes during the holiday period.” Growth in channels online and changing consumer behavior contributes to this great rise.

The auto sector is preparing to achieve standard sales in this holiday season, after the 2.0 commodity and services tax reforms. It is expected that low tax rates and canceling the right to compensation will increase the demand for passengers and wheel vehicles. The report added: “This will lead to an estimated sale of 1.50,000 rupees to 2.00,000 rupees.” Car industry companies have already modified prices to reflect the new tax system.

Electronics, especially smartphones and laptops, remain the focus of buyers on holidays. It is expected that e -commerce sales and price cuts on the main models will motivate consumers. As expected, the report stated that he expects a 1,00,000 rupees estimated sale – 1,20,000 rupees.

White goods, including televisions, washing machines, refrigerators and air conditioners, are witnessing increasing demand during festivals due to traditions and promotional shows. Based on production trends and reservation estimates for growth, “sales of white commodities will range between 35,000 and 40,000 rupees.”

Sweets, an integral part of holiday and weddings celebrations, constitute a large part of seasonal spending. It is reported that this year sweets can witness sales ranging from 40,000 to 45,000 rupees. Most of the market is still not organized.

Corporate gifts and activities, including celebrations such as Navratri, Christmas and New Year, are expected to witness a spending between 15,000 and 20,000 rupees. This includes gifts for employees, clients and expenses related to the event.

Travel activity is also accelerated through airlines and railways during the most famous holidays, as individuals visit their families or take leave. It is expected that this sector will represent about 5 percent of the total festive spending, as “travel represents about 5 percent of the total spending, ranging between 60,000 to 70,000 rupees.” Most of this spending is due to air travel due to high prices and passenger numbers.

Online meal requests and restaurant visits increase with families to celebrate. Fast trade platforms also indicate an increase in the volume of requests in the period before and during the festivals. “This, in turn, will lead to an estimated sale of 65,000 to 75,000 rupees on platforms,” ​​she said.