💨 Abstract

Indian households are spending more on groceries due to rising prices of edible oils and vegetables, leading to a slow start for the festival season's sales of electronics and home appliances. Retailers anticipate sales to increase, but high retail inflation, particularly for food, is affecting disposable income. Consumers are cutting back on expensive purchases to manage their budgets, and the final sales tally will be available after Diwali in November.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖