Dussehra - Diwali festivals are also suspected of falling demand in various industries and retailers

Kolkata, Ta. October 30, 2019, Monday

Due to poor demand from consumers, the mood of the companies, especially auto sector companies and retailers, may worsen during the coming holiday season. Sales usually increase during the festive season.

Indians often buy large quantities for their own consumption or to give gifts to others, especially during festivals, whether they have new cars or shoes, or new clothes or have accommodation.

The country's economic growth rate is currently at a five-year low, and unemployment is at a five-year high, and sales growth may be at a low level in recent years due to slow consumption. This situation is likely to be seen despite the decline in corporate tax by the government, said one analyst.

Even if the price of a product is reduced by fifty percent, it will not make any sense unless there is an increase in the income of the consumer, ”said one analyst. There are no measures that can increase people's income. Instead of giving more money to use in the hands of the people, the government has allocated more money to the companies.

The impact of the decline in corporate taxes will be seen in the long run, but in the short run, it is less likely to see a profit, said another analyst. How much profit companies make on consumers is still uncertain.

Distributors are preparing for Dussehra-Diwali but no stocking. Most distributors prefer to stock only 3 to 7 days which is done in good condition for 3 to 5 days.

Meanwhile, the real estate sector has also been seen as a result of the slowdown in the real estate sector as companies are cutting back on publicity spending. Many industries in the country, including real estate, are currently facing a severe liquidity crisis. At the end of June 1, the number of unoccupied dwellings increased to 1 million units, a research report said.

Good response to online sales

It said the on-line sales recently released by e-commerce companies received a good response.