A Big company like Amazon or Flipkart started the Diwali Festive Season.
Amazon Flipkart is having a Diwali Festive Season Sale where you will get to see huge discounts on all items. In the season of Diwali, there is a craze for shopping among the general public. The same big giant like Amazon Flipkart, like every year, creates excitement in the market with the size of its attractive offers. In today’s time, where people prefer to shop online rather than offline, the competition in the offline market is increasing. You book it online and it is easily delivered directly to your home. An e-commerce company is giving you a huge discount on every retail item above 40%. After running the offer, the demand for mobiles, laptops, gaming, clothes, etc., is increasing a lot online. These days, the general public does their shopping openly.
SBI, HDFC, and Kotak Mahindra Bank are giving a 10% cashless discount on their credit cards.
The country’s big banks like SBI, HDFC, Kotak Bank, etc are giving a 10% cashless discount on Diwali festive season online shopping. Due to this, the customers are going to get direct benefits. You are getting a discount of up to 40%, but at the same time, those who are using credit cards are going to get the benefit of another 10%. Due to this, the market demand has increased further. Diwali is considered to be the biggest festival of the year in India. where people of all classes do a lot of shopping these days. Therefore, discounts are given everywhere for a few days. Where the market is going through a recession, the same Diwali festive season will play a big role in this.
Inflation has Increased significantly in the month of September at a 10.2% rate.
The Record breaking inflation of the last 6 months has crossed 10.2%. To understand this sheer meaning, India saw the biggest recession in the month of September. Inflation below 6 is considered fine. Lots of reasons are believed to be behind this. The Russian-Ukraine war is the reason why this year is being considered a big reason. The policy brought in by the government of India has not proved effective so far. Inflation is increasing day by day in India. Due to this, questions are being raised again and again about the government. In the midst of so much inflation and market volatility, the Diwali season might be able to support some of the economy for a few days. In the government, Finance Minister Sita Raman says that in the next budget, some new steps will be taken keeping inflation in mind. Experts believe that India’s economy is trading at the highest inflation level ever.
India’s Export Growth in 19 months was the lowest in the month of September.
Due to the continuous fall in India, its effects are being seen everywhere. According to research, the month of September has the lowest export rate ever. In 19 months, the least export has happened from India. This clearly shows the effect of the recession. The impact of which is being seen the most on the retail trade, textile industry, and goods industry. This is understood to be the reason why people are having a lot of impact on the job.
