Festive Business Depends On The Third Wave Of Corona
Festive business depends on the third wave of Corona, there will be an increase in the sale of garments and consumer goods.
Traders are expecting bumper sales in the festive season. But this sale will be largely dependent on the third wave of Corona.
Traders of Garment and Consumer Goods say that if the third wave of Corona remains under control, then during Dussehra-Deepawali, customers will definitely buy in large numbers.
The government has intensified the vaccination campaign to avert the third wave of the corona.
Retailers said that the situation in the national capital region seems to be normalizing, but there are still partial restrictions in the markets of Mumbai and Bangalore.
Both doses of the vaccine are mandatory for trade in goods in Mumbai.
Cases of corona infection are not decreasing in Kerala and the talk of the ban has started again there.
Cloth Manufacturing Association of India (CMAI) official Mohan Sadwani said that both garment retailers and manufacturers are preparing for the festive season keeping in mind the third wave.
No one wants to take a lot of risks as it costs both the manufacturers and the retailers money.
If the third wave remains under control, there will definitely be a huge sale of garments in Dussehra-Deepawali as the customers are ready to buy.
Consumer goods companies have high hopes for the festive season.
According to Kapil Kohli, President, Retail Segment, Usha International, the retail business is expected to grow by 40 percent in the festive season (till December).
To capitalize on the festive business, the company is strengthening its distribution and e-commerce network. According to Panasonic, the demand for items like AC, Fridge, TV is showing a boom.
This time in the festive season, more sales are expected than the festive season of the year 2019.
Gold Price on 30 Aug: Gold prices fall, silver also becomes cheaper, know what are the rates are.
The price of gold and silver saw a fall on Monday. According to HDFC Securities, gold prices in the national capital declined by Rs 199 per 10 grams.
Due to this, the price of gold fell to Rs 46,389 per 10 grams. In the previous session, the rate of gold was at Rs 46,588 per 10 grams in the bullion market of Delhi.
According to HDFC Securities, there was a break in the price of silver by Rs 250 per kg.
Due to this, the price of silver in the city came down to Rs 62,063 per kg. In the previous session, the price of silver was at Rs 62,313 per kg in the bullion market.
