Despite inflation concerns, consumer spending in India expected to be high this festive season; Deloitte
Coming out of the pandemic, consumers in India have expressed a strong desire to buy more discretionary products during the festive season, according to Deloitte's Global State of Consumer Tracker.
"The survey findings clearly indicate that consumers plan to increase their discretionary spend by 30 per cent (on items such as recreation and entertainment, restaurants, and leisure travel) in August 2022, compared with April 2022," it said. Source: PTI