If zooming auto sales in September, up 25% compared to last year, gave an indication that last year's slowdown was history, the festive rush this month has shown that the gloom is well and truly over.
Future Group founder Kishore Biyani says he has not seen such a "bumper" Diwali for a long time, and is targeting sales of Rs 500 crores in the week Ocrober 15-21. The retail arm of the Tatas has also reported a 30-35% jump in sales while Korean electronics giant LG is expecting a 35-40% growth in revenue.
The languishing real estate sector is also beginning to look up. But the boom is best exemplified by gold. Despite a record-breaking price of Rs 16,000 per tola, sales are sparkling, up 30% in some places.
Goddess Lakshmi has brought smiles back on the faces of many.
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4 years ago
2 comments:
Maruti sold 8000 cars on a single day on Dhanteras.It has been a record sale.
Frankly,was there recession in the country at all?
Was it an excuse to get cleaning operation completed?
That is a phenomenal figure! Sorry I didn't get you - which is this cleaning operation?
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