Still 15 days to go for Diwali, and Indian retailers are already witnessing 15-25% hike in their sales. Products such as 3D, LED and 40-inch-plus LCD and Plasma television sets, front-loading washing machines, high capacity frost-free and side-by-side refrigerators, convection microwaves, branded apparel and fashion wear, imported chocolates, dry fruits and wine, digital SLR cameras and smartphones are in high demand across the country. High ticket value products are generating volumes that ultimately resulting to boom this year. Online retailers as well witnessing 10-15% rise in their sales.
Macro economic factors, Sensex 20K & mounting, good monsoon & festive mood are key drivers for such boom. Events like CWG 2010 keeping our spirits high & positive.
Factors like timely delivery and assurance to quality still threatening. Despite of all odds India INC is bound to achieve new high in retail. Such scenario will surely put pressure on policy makers to open FDI on multi brand retail in India.
Good insight and its ending on a promising note.
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