Inflation no bar for wealthy shoppers

Quick Summary:

India Business News: MUMBAI: Even as inflation has hit discretionary spending in the broader mass markets, the well-heeled continue to splurge.

Titan's watches priced above Rs 50,000 and its new Astra Meteorite pieces, which come with a price tag of Rs 1,30,000, saw takers this festive season.

However, retailers are pinning hopes on the upcoming wedding season to fuel sales in the mass markets.

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Article Details

Author / Journalist: Asmita Dey

Category: EconomyBusiness

Markets: IndiaLebanonOmanSouth Africa

Topics: Inflation impact on luxury spending Premium products demand during festive season Mass market spending trends Business news Titan watches sales growth Online shopping electronics growth Discretionary spending trends in India

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 09:38:48 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 851 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23607688

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 23 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #28

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