After recovering from the pandemic, customers in India have expressed their intention to buy more products during the festive season. This estimate has been made in an analysis.
Consumers in India have expressed their intention to buy more products during the festive season.
After recovering from the pandemic, customers in India have expressed their intention to buy more products during the festive season. This estimate has been made in an analysis. Deloitte’s Global State of Consumer Tracker analysis shows that Indian consumers are willing to spend more on travel and hotel stays. They are also thinking of buying a new or used vehicle in the next six months. Deloitte said in a statement that planned spending will increase across age groups and across categories over the next four weeks, despite inflation concerns.
Customers want to spend on these things
The survey said that consumers want to spend on clothing, electronic appliances, home furnishings, entertainment and travel, which is a positive trend in view of the upcoming festivals. According to this survey report, consumers want to spend 30 percent more in August 2022 than in April 2022. About 88 percent of Indian consumers are prepared to spend the next four weeks on fun travel.
Deloitte said that the upcoming festivals and discount offers are instrumental in propelling the India auto industry and the industry will grow at a faster pace in the next six months. The tracker shows that in the last four months, the number of customers wanting to buy a vehicle has increased by nine percent. The survey found that despite inflation concerns, Indians are prepared to spend more in the coming festivals and online buying remains strong.
Apart from this, let us tell you that in the month of September, there has been a good jump in the sales of petrol and diesel in India due to the pick up of economic activities and the demand pick up with the festive season approaching. According to the opening data of the petroleum industry, the sale of petrol has increased by 13.2 percent to 2.65 million tonnes in September. Whereas, it was 23.4 lakh tonnes in the same period a year ago. At the same time, petrol sales have been 20.7 percent higher than in September 2020, badly affected by the Kovid epidemic.
(with language input)