Heavy Sales Expected From E-commerce Companies
Heavy sales expected from e-commerce companies to offline retailers, Economy will also celebrate the festival in October-November.
This time in the coming October-November, the economy will also celebrate the festival.
The companies are expecting a huge increase in sales across all key segments like consumer durable goods, white goods, auto, garments during the festival starting from October.
Confinement of corona to certain states and tremendous speed in vaccination is going to support the festive boom.
From the manufacturers to the retailers, preparations have started to capitalize on the huge demand arising out of the festive season.
In order to further accelerate the buying and selling of the festive season, all government banks are also going to run a special campaign for loans from the second week of October.
The country’s two largest e-commerce companies Flipkart and Amazon are gearing up for the Big Billion Sale and the Great Indian Festival in October.
Heavy sales expected from e-commerce companies: Flipkart has announced to provide temporary jobs to 1.15 lakh people in view of the expected demand in the festive season.
Similarly, Amazon is also recruiting a large number of people. Kumar Rajagopalan, a CEO of, Retailers Association of India, says, “The rapid rise in vaccination is expected to increase the sales of retailers and may even do better business than in pre-corona times.”
According to the association, in the month of August itself, the retail sales of North India has reached 98 percent in the month of August 2019 and 97 percent in South India.
According to experts, three to five lakh seasonal jobs can be created in the festive season and e-commerce companies are going to play a major role in this.
According to Flipkart, 1.2 lakh new sellers can join their platform in the coming festive season.
Retail chain Vijay Sales to Godrej Appliances are expecting a huge jump in consumer durables and white goods sales during the festive season.
According to the Cloth Manufacturers Association of India, if the third wave of Corona does not start, there will definitely be a sharp jump in the sale of garments.
The special event will be held for loan distribution in cities.
The government is also going to organize special events for loans in all cities to further accelerate the festive mood.
Loans will be given for all types of purchases under this loan campaign starting from the second week of October.
According to sources, the effort will be that the loan seekers get the loan repayment within hours.
Even in rural areas, microfinancing companies will give a loan of Rs 1.25 lakh to an individual. Banks will provide cash to microfinance companies.
