Gifts in the corporate sector also showed cost cutting in the wake of the economic downturn

New delhi date. 26 October 2019, Saturday

Other adverse, factors including liquidity buyrister In the backdrop of the recessionary economic downturn, the corporate sector has taken control of its spending by adopting cost-cutting tactics even in the gift of Diwali.

Diwali is a huge gift from the corporate sector throughout the country during Diwali. This year, the corporate sector was also put under financial strain following various adversities. However, due to the Diwali festival, this area was confused due to the expenses behind the gift.

The corporate sector has adopted a cost-cutting approach on the front of the gift, in order to curb the financial burden on the company due to the economic downturn and to save relationships at various levels. And for this segment, it is found that they have reduced their budget by 1 to 2 percent.

Thus, even the largest share of gift articles is subject to the corporate sector. In the wake of the current hostile environment, the corporate sector has taken a break on sweets, chocolates, dry-fruits. Or even its quantity has been reduced.

This time the companies have adopted the practice of offering online vouchers with crockery, home decoration, as well as slogans of 'Choose your own gift. Apart from this, gift vouchers of large segment stores of various segments are also being offered.

This year, companies have also opted in to sugar, calorie control, in keeping with health awareness. Apart from this, adventure sports vouchers are also known to be used as a gift for hotel vouchers.