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Nantu Banerjee
Indian consumers are buying like never before. With the specter of the covid-19 pandemic largely gone, middle-class consumers in the country are
A vengeful ongoing festival season. From booze to fashion clothes to durables to smartphones to cars to homes, they’re saving practically nothing.
apartments and foreign holidays. Business is booming. Almost every sector recorded record business during this September-October festival season.
Consumers want more. The tempo is expected to continue for the rest of the year and beyond. Consumer goods manufacturers are ramping up production.Imported goods
Even though the rupee’s exchange value has fallen, the currency has also appreciated. This trend should have a significant impact on the country’s current and future economic growth if producers meet the conditions.
Suppliers have a long-term view of India’s growing market.
Importantly, Indian residential unit sales in the first half of 2022 hit a nine-year high of 158,705 units in the top eight cities of Mumbai and Delhi.
Capital Region, Kolkata, Chennai, Bengaluru, Pune, Hyderabad, Ahmedabad — Knight Frank India research report. with record sales of
Residential units have become offtakes for passenger cars. The latter, in September he set a new monthly sales benchmark of 3,55,946 units, recording 26% growth.
previous month. Maruti Suzuki hit 148,380 as he registered a 131% growth in terms of shipments to dealers.Hyundai, Tata Motors, Mahindra & Mahindra, Kia
Motors and Toyota were particularly so as they witnessed a large surge in demand.
About 6 million air conditioners were sold in the first half of this year, almost matching all sales last year. “This year’s sales of air conditioners were good.
than in the last two years, especially in the first half. We’ve never had numbers like this in the past,” said Eric Braganza, president of Electronics and Appliances at Consumer.
Manufacturers Association (CEAMA). Meanwhile, demand for consumer durables will grow from an estimated US$21.5 billion in 2021-22 to
$25 billion this year.
The country expects record sales of smartphones this holiday season, worth about $7.7 billion. One-third of smartphones sold during the holiday season are
Must be 5G ready. E-commerce channels are expected to account for 61% of his overall sales, according to a Counterpoint Research report.Smartphone retail average
Sales prices will rise 12% during the holiday season, reaching a record high of $242. Analysts said the holiday season was usually the highlight of the event.
With nearly 20% of annual turnover occurring over 4-5 weeks in the Indian smartphone market, this period is critical for all players in the value chain.
According to a Strategy Analytics report, Samsung led smartphone sales from September 23 to 30 this year, with a 26% market share.followed by samsung
Xiaomi and Realme have market shares of 20% and 17% respectively.
At Rs.2,165 crore, West Bengal’s Sept liquor sales were the highest ever. October sales are expected to rise further.The state has set up a liquor sale
The target for this year is over 20,000 rupees. Nearly every major state in the country has reported record liquor sales since the start of the current festival season.taller than
Disposable income and lifestyle changes are largely responsible for the increased consumption of alcoholic beverages in India. According to industry estimates,
The country’s alcoholic beverages will surge from just 5.94 billion liters in 2018 to 16.8 billion liters by the end of this year. State governments are generally very happy.
More sales of alcoholic beverages mean more excise tax revenues for Indian states. According to the state budget estimate, excise duty collected from the industry is Rs.1.4.
100,000 rupees for 2019-20. It could go up significantly this year.
In fact, this year’s holiday season literally started with a big bang.The war on advertising and marketing is that consumers are ready to buy, businesses are
Ready to sell. Advertising spending during the industry festive season increased by 8-10%, reaching an estimated Rs.25,000-30,000 kroner. Televisions are expected to account for about 41.
43% share of ad spend, followed closely by 33-36% digital, 15-17% print and about 3.5% OOH. As always Amazon India and Flipkart,
The two top e-commerce giants battled it out for the top spot. This is the perfect opportunity to show off their strengths and take advantage of people’s shopping mood.
On September 23rd, the two e-commerce giants rolled out a long-awaited week-long sale. “The Big Billion Days” sale and “Great Indian Festival” by Flipkart.
Sold by Amazon India. This week’s sales are estimated to hit him at US$5.9 billion, a 28% increase from his US$4.8 billion last year. by the way,
The country’s e-commerce market is expanding rapidly to meet the changing tastes and demands of a new generation of consumers. the market is
2026.
India’s more than 200 million middle- and upper-middle-income households, growing at a rate of 10-15% annually, appear determined to boost the country’s economic growth.
Economic growth and progress in the coming years.However, this includes GST, State and
Central excise duty, stamp duty, property tax, etc. and ease of doing business within the country.India’s post-pandemic recovery in demand could boost its economy
5th in the world, surpassing the UK. Despite the stock market slump and depreciation of the rupee, the total wealth of India’s 100 richest people has increased to his $25 billion.
$800 billion, according to a Forbes study.
There are 119 billionaires in India, according to a report by Oxfam International, which is critical of the widening gap between rich and poor in India.Their number has increased from a few
9 in 2000 to 101 in 2017.
Oxfam reported that its budget for fiscal year 2018-19 was Rs 24,422 billion. From 2018 he estimated that between 2022, India will create her 70 new billionaires
every day. However, the World Economic Forum has given a more positive review of India’s growth story driven by a growing middle class segment.
it will be unique. By 2030, India is expected to transition from an economy driven by the bottom of the pyramid to one driven by the middle class. nearly 80% of
Households will belong to the middle-income group from the current 50%. By 2030, the middle class will account for 75% of his consumer spending. (IPA)
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